India agritech investor Omnivore marks first close of 3rd fund

Investments eyed in agriculture, food, climate change and rural development

20230629 DSA Omnivore

Omnivore's fundraising comes as startups find it hard to raise money and investors want portfolio companies to focus on profitability. (Source photo by Reuters and logo from Omnivore's website)

VIBHUTI SHARMA, DealStreetAsia

NEW DELHI -- Indian agritech venture capital investor Omnivore on Wednesday said it has marked the first close of its third fund at $150 million. The fund will invest in agriculture, food, climate change and rural development startups.

Omnivore, which manages $120 million across two funds, initially planned to raise $130 million in its third fund. Over the next four years, Omnivore expects to make 25 to 30 new bets from the third fund with check sizes ranging between $1 million and $5 million.

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