ImpactAlpha, October 15 – The Swiss impact investor has invested an undisclosed amount for a minority stake in Mumbai-based Suminter India Organics.
Suminter was founded in 2004 as an organic food exporter for items like spices, oils, and grains. The company serves the growing global organic food market, which is expected to nearly triple in the next six years, reaching $323 billion. North America is currently the largest organic foods market, but demand is rising everywhere due to increasing health awareness, concerns about pesticides and chemical additives in food, and in developing markets, increasing incomes.
Suminter works with 50,000 farmers across Africa and Asia to source its products, which are then sold in 20 countries.
Suminter is responsAbility’s second investment in India’s food and agriculture sector. Last year, it backed agriculture logistics company Sohan Lal Commodity Management. responsAbility has also invested in farmer finance company Sammunati.