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Origo Commodities raises ₹80 crore to strengthen farm financing, logistics

Our Bureau | | Updated on: Sep 30, 2018

Mayank Dhanuka (left) and Sunoor Kaul, Co-founders, Origo Commodities | Photo Credit: NAGARA GOPAL

Origo Commodities has raised ₹80 crore from impact investors Oikocredit, Caspian SME Impact Fund IV, and Triodos Investment Management through its Hivos-Triodos Fund.

Unitus Capital acted as the exclusive financial advisor for the transaction.

Founded in 2010, Origo provides agriculture supply chain solutions and financing for all post-harvest participants, including farmers, traders, processors, bulk buyers, warehouse owners and financial institutions.

Origo has a footprint across 12 States, with assets under management worth ₹8,000 crore ($1.4 billion).

Origo Finance, its subsidiary, offers lending products including Warehouse Receipt Finance, Procurement Finance and MSME finance. It has 18 branches in Andhra Pradesh, Telangana, Maharashtra and Karnataka with around 3,500 clients including over 1,400 farmers.

Mayank Dhanuka and Sunoor Kaul, Co-Founders of Origo, said, “We are very excited to partner with Oikocredit, Caspian and Triodos. We look forward to leveraging our investors’ experience to further Origo’s growth to strengthen our product and reach to people in need of financing and logistics solutions”.

Published on September 30, 2018
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