Proparco Invests $5M in Omnivore’s Agritech Fund

Proparco, a subsidiary of the Agence Française de Développement (AFD) Group, has made its first venture capital fund investment in India by committing $5 million to Omnivore’s third fund, the Omnivore Agritech and Climate Sustainability Fund. This marks a significant step in Proparco’s strategy to enhance private sector capabilities in developing countries.

Omnivore, an impact venture capital firm, supports startups driving agrifood resilience, rural transformation, and climate action in India and Southeast Asia. It has previously invested in companies like Fibmold, Optimo, Sid’s Farm, and Scimplify. “Proparco’s support will help these innovations scale globally, fostering resilient and equitable communities worldwide,” said Jinesh Shah, Managing Partner at Omnivore.

Proparco has been operational in India since 2009, focusing on reducing inequality and adapting to climate change. Diane Jegam, Proparco’s South Asia Director, emphasized the alignment of this partnership with their strategic objectives of fostering a sustainable and resilient economy, protecting the planet, and reducing inequalities. “By committing to climate-friendly investments that empower small-scale farmers to strengthen their resilience, Omnivore is pivotal in supporting sustainable development in India,” Jegam added.

The investment also underscores the growing Indo-French collaboration in innovation. Thierry Mathoum, the Ambassador of France to India, highlighted the significance of this project as a milestone towards the India-France Year of Innovation set for 2026.

Proparco continues to expand its reach in Africa, the Middle East, Asia, and Latin America, working with partners to drive sustainable development worldwide.