Agribusiness

Agricultural Commodity Logistics firm gets INR 10 Crore investment from Nexus India

Nexus India which is a subsidiary of Nexus Venture Partners – a venture capitalist firm with more than $320 million under management, has invested Rs 10 crore in Sohan Lal Commodity Management (http://slc-india.com), an agri-commodity logistics and procurement company based in Delhi.

Sohan Lal Commodity Management provides  agricultural commodity warehouse management and procurement solutions to farmers, traders,food processors,commodity exchanges and government organizations across more than 50 locations in India.  On it’s website the company claims to have handled over Rs 5,000 crore worth of agricultural commodities consisting of  grains, oilseeds, pulses and spices in the last year.

The agriculture supply chain in India is currently very inefficient and leads to a huge loss of  agricultural commodities throughout India due to lack of proper storage and infrastructure. The sector has a huge potential for innovation and the Government of India has provided financial incentives for entrepreneurs to transform the sector.

This is the second agricultre commodity related transaction for Nexus India which had in 2008 invested between INR 10-20 Crore in Suminter India Organics (http://www.suminterindiaorganics.com) an organic farming firm.

Abhay N

Author : 

Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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1 Comment

1 Comment

  1. SHUBHRAJA SINGH

    June 15, 2010 at 2:56 pm

    Hi,
    Iam shubhraja MFO in Jharkhand Tribal Development Society, an outonomous body of gov. of Jharkhand. We are working in tribal domonated village in 4 districts. Our most farmer’s production is organic but they do not get apprpriate price.
    how we can take support from Suminter India ? please reply me as soon as possible.
    Yours sincierly
    S. Singh

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