Published On:December 24 2024
Story Viewed 907 Times
Sahyadri Farms Secures ₹390 Crore for Expanding Climate-Smart Horticulture Platform.
Sahyadri Farms, India’s largest farmer-owned horticulture platform, has raised ₹390 crore to bolster its climate-resilient agricultural initiatives and expand its capabilities in producing patented varieties of table grapes, citrus fruits, and advanced processing solutions.
The funding will support the company’s focus on climate-smart farming practices and strengthen its processing and packaging capacities for aseptic products, individually quick-frozen (IQF) items, freeze-dried goods, juice concentrates, and dry fruits. This aligns with Sahyadri Farms’ vision to create a sustainable agricultural ecosystem while addressing climate change challenges.
Currently supporting over 25,000 farmers and Farmer Producer Organizations (FPOs), Sahyadri Farms operates an end-to-end fruits and vegetables supply chain. Its advanced facilities cater to domestic and international markets, including clients such as Tesco, Edeka, Hindustan Unilever, and Coca-Cola.
The company also emphasizes sustainability and social impact by promoting soil regeneration, reducing carbon footprints, and increasing women’s participation in its value chain. These efforts are integral to Sahyadri Farms’ broader Environmental, Social, and Governance (ESG) objectives and its strategy to achieve Net Zero emissions.
Vilas Shinde, Chairman and Managing Director of Sahyadri Farms, highlighted the milestone:
“Sahyadri Farms aims to transform Indian agriculture by professionalizing farming and enabling Indian farmers to become successful entrepreneurs. With this investment, we are on track to scale further, move towards an IPO, and become the first farmer-owned organization to be listed in India.”
Investors responsAbility and GEF Capital Partners praised Sahyadri Farms for its scalable and sustainable model. Rik Vyverman, Head of Sustainable Food Private Equity at responsAbility, noted the company’s pivotal role in addressing global demand for sustainable, high-quality food. Alipt Sharma, Partner at GEF Capital Partners, emphasized Sahyadri Farms’ innovation and commitment to creating wealth for farmers while maintaining sustainability.
This investment positions Sahyadri Farms as a benchmark for climate-smart agriculture, reinforcing its leadership in the Indian horticulture sector and beyond.
HBL