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March 30, 2015

Deal Alert: Aspada invests Rs. 20 Cr in horticulture firm INI Farms

Aspada Investment Company has made a commitment of INR 20 Crores to Mumbai-based InI Farms Pvt Ltd which operates across fresh fruit value chains in crops such as pomegranate and banana. The company provides farm extension services for small-hold farmers coupled with post harvest management and processing for both domestic consumption and export markets. Aspada’s investment will allow the company to continue to build scale in the pomegranate and banana business units while expanding into other fruit categories. 

The company has previously received venture investments from Unilazer Ventures and Aavishkaar along with angel investors like Pavan Vaish and Ashish Gupta.

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