Gramco Infratech Pvt Ltd (Gramco), a rural-focused company that creates infrastructure to support farmers, has raised Rs 15 crore in its first round of equity funding from Samridhi Fund. The funds raised will be used to construct agri-warehouses in Madhya Pradesh and to meet its working capital requirements. Intellecap was the sole financial advisor to the deal.
The Samridhi Fund has been launched as a private sector development programme by Department for International Development (DFID) in partnership with Small Industries Development Bank of India (SIDBI).
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