Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Omnivore Partners India Fund 2 is a fund that focuses on investments in early stage agricultural technologies and innovative food companies in India. The first close of the fund took place in January 2018. FMO and another European DFI aim to commit to the fund in July 2018 at the second close.

What is our funding objective?

FMO will be a minority investor and intends to provide capital to the Fund to reach a desirable/sustainable size of about USD 70mln. The Fund will implement a strategy of investing in early stage companies where agricultural technologies and innovative food concepts make a difference, primarily in India and possible world-wide if the technology can be transferred outside. The future investees of the Fund will aim (i) to eliminate current deficiencies in the supply chain and (ii) to make agriculture and food industry in India more sustainable by developing appropriate technologies.

Why do we fund this investment?

The Project fits the strategy of FMO to invest in agribusiness and sustainable future. From the supply side, Indian agriculture is impacted by inefficient techniques and absence/lack of technology, climate change, urbanization, a collapsing water table, declining soil fertility, rising rural labor costs and a failing logistics system. Agricultural productivity is still significantly lower than average yield levels worldwide. In addition, agricultural waste on fields takes a significant part of the produce. Population growth, rising incomes, and dietary transformation are putting a strong demand driven pressure on Indian agriculture. This demand offers a great market opportunity as well as a good opportunity to create impact.

What is the Environmental and Social categorization rationale?

E&S risk category for the Fund has been determined as category B (medium risk) based on the pipeline. Fund will invest in technologies for food and agriculture. As the Fund is doing early stage funding, it will mainly invest in small and emerging companies that are not yet exposed to high E&S risks. Limited number of investments with exposure to smallholder farmers might be exposed to potential risks related to forced or harmed labor and safety issues (PS2), sustainable management of natural resources (PS6). Other investees might have production or assembling facilities with majority of risks related to PS1, PS2 and PS3. FMO together with other DFIs/investors will assist the Fund in developing a prudent ESMS to address country and project specific risks.

Agribusiness, Food & Water
Publication date
Effective date
Total FMO financing
USD 7.00 MLN
Building Prospects
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)