Sahyadri Farms Post Harvest Care Limited recognized as India's largest fully integrated and tech-enabled horticulture platform, has successfully secured funding of approximately $47.8 million (Rs 390 Crore) from Europe-based PE fund responsibility, and US-based PE fund GEF Capital Partners.

This financial injection also saw contributions from all existing investors including FMO, Proparco, Incofin, and Korys.

The allocated funds are earmarked for the expansion of climate-resilient patented varieties of table grapes and citrus. Additionally, the investment will support the enhancement of packhouse and processing capabilities for fruits and vegetables, alongside the development of value-added products such as aseptic, IQF, freeze-dried, juice concentrates, and dry fruits.

Established in 2011 by a group of visionary grape farmers led by Vilas Shinde, Sahyadri Farms has evolved into a comprehensive FnV supply chain platform. It supports farmers and FPOs in cultivating international-quality produce and extends its services to include primary and secondary processing and marketing to prestigious international and domestic clients. Currently, the platform boasts a digitally enabled, fully integrated value chain that serves over 25,000 registered farmers and more than 200 institutional clients across over 40 countries.

Following its first institutional funding round in September 2022, which raised approximately $38 million (Rs 310 Crore) from FMO, Proparco, Incofin, and Korys, Sahyadri Farms has reported a near doubling of its revenue to approximately $181 million (Rs 1,482Cr) in FY24. With the infusion of this latest funding, the company is positioned for a projected growth rate of 40% CAGR over the next five years.

Source - https://www.freshplaza.com