Origo Commodities raised Rs 75 crore
Origo Commodities, which manages warehousing assets worth more than Rs 8,500 crore spread across 12 Indian states, has announced that it is raising Rs 75 crore of debt financing from Yes Bank.
Origo expects this debt funding to help deepen its presence in the sector of the Agri supply chain and also help resolve the Covid-19 pandemic challenges.
The start-up also hopes to push tech-enabled solutions through agri-commodity companies to resolve the liquidity issues of the agri-sector.
Working with institutional investors in 12 Indian states to securitize agricultural commodities, improve warehousing and operate productive supply chains, Origo aims to use the funds to improve facilities and systems in the agricultural ecosystem.
In the coming months, the agritech player is also hoping to unlock agri-commodity investments for retail investors, which could then bring transparency and create successful ecosystem SOPs.
Origo Commodities co-founder Sunoor Kaul said, “We hope that funding will revitalize the sector with liquidity and make the supply chain more efficient,” hoping that the partnership with Yes Bank will help the agri-community.