Company Name : Siddhi Vinayak Agri Processing
Funding Amount : Undisclosed
Investor(s) Lok Aspada Investments. .
Funding Round : Series B
Siddhi Vinayak Agri Processing (SV Agri), an end-to-end potato supply chain management company that works directly with over 3,000 farmers across India, has raised Series B funding from Lok. Aspada Investments, an early stage venture fund also participated in the round.
The Series A investment in the Company was completed in 2011 by SONG, a fund backed by Soros Economic Development Fund, Omidyar Network and Google, which is also managed by Aspada.
The funds will enable SV Agri expand its procurement operations, scale up the production of its own brand, strengthen its engineering vertical, invest in team building and bolster its technology platform.
Founded in 2009 by Hemant Gaur and Ganesh Pawar, with cumulative of 35+ years of experience in potato value chain, SV Agri is an integrated agri supply chain player providing a range of pre and post-harvest solutions to potato farmers and processors.The company is working towards organising and bringing in supply chain efficiencies in the highly fragmented and unorganized potato value chain dominated by traders at various levels.
Hemant Gaur, Cofounder, SV Agri said, “SV Agri has established itself as a thought leader in the potato value chain space. It will continue to provide wider options to farmers and the potato processing industry, using technology as a means of creating these alternatives. SV Agri will use the investment to expand its presence in the potato seeds/ tuber markets and potato processing equipment by expanding the range of solutions offered, and take lead in creating innovative products that go beyond chips.”