Lawrencedale Agro Processing India (Pvt) Ltd, (LEAF) Indian fresh produce supply chain major, has raised Series-B equity capital from Denmark-based BESTSELLER Foundation, a global foundation and United States-based venture capital fund, Unitus Impact.
The financial details of the transaction have not been disclosed.
Kristian Sloth Petersen, Managing Director, BESTSELLER Foundation said: “We are delighted to partner with LEAF which is making a significant positive impact in the lives of fresh produce farmers in India. More than 80% of farmers in India hold less than 2-hectares of land and given the fact that LEAF works extensively with them for livelihood improvement, the investment fits perfectly with our philosophy of working to improve sustainable agriculture value chains.”
With this fresh round of equity investment, LEAF will channel funds to expand its footprint deeper across South India and engage within a significant larger number of horticulture belts. By extensively re-engineering the fresh produce value chain, LEAF has developed a high quality fresh produce brand in India, empowering farmers, retailers and consumers.
Read the full article on the BW Disrupt website.