Omnivore Agritech & Climate Sustainability Fund IIIStatus: Approved investment
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Who is our customer
Omnivore is a dedicated Agri Tech fund manager in India. After launching their first fund (as corporate venture fund from Godrej) in 2012 and a second standalone fund in 2018, the team is currently raising their third fund. Omnivore invests in Agri Tech startups that leverage innovation to address the structural challenges facing Indian agriculture. The team has offices in Mumbai, Delhi, Chennai, and Bengaluru.
What is our funding objective?
Omnivore III will focus on early-stage companies with high growth potential, that have a tech (enabled) value proposition. Their target companies should have the potential to generate significant economic returns, as well as the potential to strengthen the economic position of the smallholder farmers in India and/or improve the environmental sustainability of the agricultural sector.
Why do we fund this investment?
The Projects aligns well with FMO’s strategy to (i) invest in agribusiness for a sustainable future, (ii) support tech (enabled) propositions designed for emerging markets that can significantly improve value chains and create new opportunities, (iii) improve smallholder livelihoods and environmental sustainability in line with the goals of reduced inequallities and climate action.
What is the Environmental and Social categorization rationale?
E&S Category B since Omnivore III will provide early-stage funding to tech-enabled agri companies. Main E&S issues relate to the nascent E&S management systems of early-stage companies, (PS1), decent work conditions (PS2), supply chain (PS2, PS6), resource efficiency (PS 3), sustainable use of natural resources (PS 6) and contextual issues in South Asia. The Fund Manager has a dedicated E&S capacity and an E&S Management System that will be further strengthened in the new Omnivore III.
- Agribusiness, Food & Water
- Publication date
- Effective date
- Total FMO financing
- USD 15.00 MLN
- FMO NV
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)