Sathguru Management Consultants investment in Ecozen Solutions

by Suman Gupta

IFA fund invests $4 mn in innovation led agritech firm Ecozen

Hyderabad, 12^th Dec 2019: The Innovation in Food and Agriculture Fund (IFA Fund) managed by Sathguru Catalyzer Advisors announced their investment in innovation led agritech company, Ecozen Solutions Private Limited. The company has received investments in July 2019 from Caspian and Hivos- Triodos Funds and with this investment from IFA, Ecozen has completed its $ 6 million Series B fund raise. The existing investor Omnivore, also participated in this round.

Ecozen is a pioneer in providing on-farm solar based cold storage and smart solar irrigation solutions. It also provides online market place solutions for high value perishables. The company is well known for its renewable energy based, technology led solutions for challenges in agricultural supply chain. These products help value creation in perishables through increased yields, longer shelf-life and better price realization.

Ecozen was founded by three IIT Kharagpur alumni, Devendra Gupta, Prateek Singhal and Vivek Pandey and caters to more than 25,000 farmers across India, South East Asia and Africa. Commenting on the completion of the Series B round, Devendra Gupta, Co-Founder & CEO of Ecozen, said, “We are thrilled to partner with the IFA Fund. This round of investment will enable us to expand our product range, production capacity, and enter new geographies. It will also enable us to leverage the reach of IFA in the domestic and international markets.”

Mr. Vijayaraghavan Kannan, Senior Partner at IFA Fund said “Ecozen has focused on using technology as a differentiator and has pioneered innovative products addressing market imperfections and catering to underserved segments of agriculture & food value chain. Businesses with positive environmental externalities and livelihood impacts fits well with IFA investment philosophy.”

Innovation in Food and Agriculture Fund is India focused investment Fund sponsored by Sathguru Management Consultants. The Fund invests in innovation driven growth ventures with potential to transform the agri produce and market ready food products.

About Sathguru Catalyser Advisors Private Limited:Sathguru Catalyser Advisors Private Limited (SCA) is the Asset Management Company of Innovation in Food & Agriculture Fund (IFA Fund) that invests in Innovation driven growth enterprises in the Food & Agriculture sectors. SCA believes in generating long term value to stakeholders by selectively hand picking investments and transforming them into competitive leaders in the segment.