Origo commodities have finally raised an amount of 80 crores as funding from a complete string of investors that include Caspian SME impact fund IV, Oiko Credit and Triodos investment management.
According to the co-founders, Mr. Mayank Dhanuka and Sunoor Kaul, they are extremely excited and looking forward to the partnership. They are looking forward to leveraging their investor’s experience in order to further origo’s growth to strengthen their products and also to reach out to people in need of logistics and financing solutions.
Unitus Capital has basically acted as their exclusive financial advisor for this particular transaction.
The business models of Origo actually allow them to serve all of the participants belonging to the agriculture value chain. This is stated by Mr. Anirudh Sarda, who is the equity officer at Oiko Credit. He further adds that with their investment, they are basically aiming to support Origo in order to create positive impacts within the particular value chain.
According to Mr. Ravi Nara Simham, who is the investment director at Caspian, they see Origo being able to play a vital role in the providing of end-to-end solutions for sellers and buyers at each and every stage regarding the commodity supply chain. They are extremely excited regarding the relationship and are also looking forward to working alongside the company.
Origo commodities were founded in the year 2010 which does help in providing post-harvest agriculture supply chain, logistics, and financing solutions. Today, it was known to have a presence in an around 12 states all across India and also helps in managing agricultural commodities worth around 8000 crores.