Sahyadri Farms raises nearly $40 million to digitalize India’s smallholder farmers

ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, September 15 — Sahyadri Farms is a farmer-led fruit and vegetable processing and export business that works with more than 18,000 farmers in India managing 31,000 acres and nine crops. Sahyadri Farms’ digital platform provides farmers with information on farm inputs, sustainable farming practices and real-time climate and market conditions.

The company raised $40 million in an equity round backed by Dutch development bank FMO, Belgium’s Incofin and Korys, and French development finance institution Proparco. FMO’s Michael Jongeneel said the investment will help Sahyadri Farms reach more farmers and “set a blueprint for further growth in the industry.”

Sahyadri Farms will use the capital to expand its processing capacity and set up a biomass plant to generate electricity from agri-processing waste.