PROJECT

Projects

Summary of Investment Information

Project Number

47387

Company Name

Omnivore Agritech & Climate Sustainability Fund 3

Date SPI Disclosed

May 17, 2023

Country

India

Region

South Asia

Projected Board Date

Jun 30, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jul 30, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 23, 2023
Signed : Jun 27, 2023
Invested : Jul 28, 2023

Sector

Venture Capital Fund

Additional Project Attributes

Blended Finance

Project Description

The proposed project consists of an IFC equity commitment of up to $12 million in Omnivore Agritech & Climate Sustainability Fund 3 (“Omnivore III” or “the Fund”), a venture capital (VC) fund. The Fund will invest in Agri and FoodTech companies in India, including companies with operations in India and Southeast Asia. The Fund will focus on investing in Farmer Platforms & Fintech, Precision Agriculture, B2B Agri Marketplaces, Farm to Consumer (F2C) Brands, Agrifood Life Sciences, and Post-Harvest Technologies.

The project is expected to be supported by the?Bill and Melinda Gates Foundation Inclusive Agritech Facility as described in the Blended Finance Section.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation