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70 million USD Rural India Impact Fund Launched by Pioneering Ventures
June 12, 2019
A 70 million USD private fund was launched by India and Zurich-based agri-food investor to provide working capital to the various companies it’s set up in India. The companies include Samaaru which is a tech-powered value chain and financial company and Citrus International which is one of the largest producers of citrus concentrate and its by-products in South East Asia and India.
The venture fund is aimed at providing equity fund to the companies and tripling the sales to 300 million USD within the next 2 years.
Photo credit: Sarath.kuchi on Visual hunt / CC BY-SA
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