DGGF closes third investment in India through commitment to Omnivore Fund II

  • Public

22 March 2018 - DGGF has invested in Omnivore Fund II, which had its first close in the first quarter of 2018.

Omnivore is unique in its focus on early stage investments in companies that offer technologies for food, agriculture and the rural economy. The supported technologies are innovative and can create new ways to address the challenges faced by the agricultural sector and smallholder farmers in India.

The Fund is expected to create a significant number of jobs, directly through growing the companies they invest in and indirectly at the level of suppliers. Omnivore is expected to provide knowledge transfer to all their portfolio companies, through value-add support in HR management, governance, strategy and through access to markets.

Catalytic

According to Mark Kahn and Jinesh Shah, Founding Partners of Omnivore, "DGGF was among the first international investors to engage with Omnivore and helped prepare Omnivore to raise from other global LPs. DGGF has worked closely with Omnivore to refine our investment approach and improve our reporting processes. The presence of DGGF in the first close of Omnivore Fund II was absolutely catalytic."