Mumbai: Omnivore Capital Management Advisors Pvt., an impact venture fund that invests in food and agri-tech start-ups, has made a first close of $46 million of its Omnivore Partners India Fund 2, a senior executive of the fund said. Omnivore is targeting a total of $75 million for its second fund and plans to complete the fundraising by August. Founded in 2010 by Jinesh Shah and Mark Kahn, Omnivore invests in Indian start-ups developing technologies for food, agriculture, and the rural economy. Our second fund will exclusively focus on Indian start-ups that are developing solutions to these challenges,” said Kahn. For its second fund, Omnivore has raised capital from a bunch of foreign institutional impact investors, in addition to domestic investors, unlike its first fund which was purely raised from domestic investors.

Source: Mint February 12, 2018 18:56 UTC