Aavishkaar, the award winning rural focused equity fund has invested in Mumbai based horticulture co. InI Farms to acquire a significant minority stake in the company. The company is currently engaged in developing modern horticulture farms and exporting the produce.
Insight and Intellect Farms
Founded by Pankaj Khandelwal and Purnima Khandelwal, InI Farms grows horticulture products in India with improved farming practices, international quality standards, high productivity and world class technology. Currently InI Farms is developing Pomegranate plantations in over 1000 acres across Maharashtra and Madhya Pradesh.
Pankaj Khandelwal, CEO and Cofounder InI Farms, conveyed his excitement about the project saying, ” The association with Aavishkaar is a major step forward in realizing our vision of bringing modern agriculture practices to India, improving productivity and providing safe food. Aavishkaar’s understanding of rural market, their extensive network and their socio-economic approach to investment makes them the ideal partner for this venture.”
Vineet Rai, Managing Director, Aavishkaar stated “Agriculture is core to India and to Aavishkaar. InI Farms as an investment provides us an opportunity to fund a very capable promoter team to demonstrate high quality production and supply chain management in the agriculture space”.
Aavishkaar India, a fund focussed on early stage investing has invested in over 20 companies across sectors such as healthcare, agriculture, education, technology, water and sanitation. Aavishkaar is currently raising two new funds for the rural & underserved space with a collective investible corpus of 1000 crores.