Aavishkaar Capital invests Rs 16 Cr in INI Farms

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Agritech startup INI Farms has raised Rs 16 crore or $1.95 million in its maiden funding round from Aavishkaar Capital’s ESG First Fund. The investment will allow INI Farms to expand into the entire agriculture output business and leverage its strong supply chain capabilities. INI Farms is an exporter of fruit and vegetable crops with large-scale pan-India operations spanning contract farming, aggregation, supply chain management, and serving food retailers globally.

The startup was acquired by Accel-backed agritech firm AgroStar in a cash and stock deal in March last year, and Aavishkaar is an existing investor in AgroStar. In a separate funding round, SaaS platform SimpliContract has secured $3.5 million in pre-Series A funding led by Emergent Ventures and participated in by Kalaari Capital, Picus Capital, Foster Ventures, Leslie Ventures, and Sentinel Ventures. SimpliContract helps in-house legal, sales, finance, and procurement teams simplify the process across the contract lifecycle and enable real-time collaboration for internal and external stakeholders. Aavishkaar Capital is an Impact fund manager focused on the Global South. It invests in high environmental and social impact sectors across India, emerging Asia, and Africa. Aavishkaar Capital has successfully raised eight funds, while generating commercial returns with over $555 million in assets under management.