This LP funding marks Proparco’s first VC fund dedication in India. Proparco has been operational in India since 2009 and is targeted on strengthening personal sector capabilities throughout growing nations. With a world community of 25 native workplaces, Proparco works intently with its companions to construct sustainable options to environmental and social challenges in Africa, the Center East, Asia, and Latin America. The 2 key pillars of Proparco’s work in India embrace decreasing inequality and adapting to local weather change.
Essential milestone
Thierry Mathoum, Ambassador of France to India, stated,“The Omnivore mission underscores the great and the in depth nature of the Indo-French partnership. This modern mission will permit our nations to develop our joint funding in agritech. I see it as an necessary milestone on the street in direction of the India-France 12 months of innovation which can happen in 2026.”
Diane Jegam, South-Asia Director of Proparco, stated, “I’m very happy by this partnership with Omnivore, the primary enterprise capital mission outdoors Africa at the moment for Proparco. This mission can also be completely in keeping with our three strategic targets in favour of a sustainable and resilient economic system, for the safety of the planet and for the discount of inequalities. By committing to climate-friendly investments that empower small-scale farmers to strengthen their resilience, Omnivore is pivotal in supporting sustainable improvement in India.”
Jinesh Shah, Managing Companion of Omnivore stated,“We’re honoured to companion with Proparco as they start supporting Indian enterprise capital funds. Omnivore empowers entrepreneurs revolutionising agriculture, rural economies and local weather options. Proparco’s assist will assist these improvements scale globally, fostering resilient and equitable communities worldwide.”
The AFD group contributes to implementing France’s improvement and worldwide solidarity coverage. AFD groups are concerned in 3,600 initiatives with a sturdy social and environmental affect within the French abroad territories and in additional than 160 nations.
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