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India's Sahyadri Farms receives $40m in European funding

Company will use money to boost fruit and vegetable processing capacity

Sahyadri Farms offers a digital platform that informs farmers about high-yield crop varieties, farm inputs, real-time climate information and access to the marketplace. (Screenshot from Sahyadri Farms website)

NEW DELHI -- India's Sahyadri Farms Post Harvest Care has raised about $40 million in funding from investors that include Dutch development bank FMO, Belgium-based investment companies Incofin and Korys, and French development finance institution Proparco.

With the latest investment, Sahyadri Farms plans to expand processing capacity for fruit- and vegetable-based products, set up a biomass plant to generate electricity from process waste, and enhance infrastructure such as packhouses, according to FMO.

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