Agritech startup Our Food has raised $6 million (around Rs 45 Crore) in growth funding led by existing investor, 3Lines Venture Capital, and a new investor, C4D Asia Fund. Lalit Jalan, 3Lines India Chairman and ex-CEO of Reliance Infrastructure, will join the company’s Board of Directors.
According to the Hyderabad based startup, the funds will be used to ramp up its operations, increase manufacturing capacity and vastly improve the agricultural food supply.
Founded by Bala Reddy in 2016, Our Food is a technology-driven agribusiness platform that claims to decentralize the food processing industry with an innovative farmer adoption and engagement supply-chain platform across the country.
The platform has a presence in 13 states in India, primarily concentrating in Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh, Rajasthan, and Karnataka. The company has processing units for over 15 crops, including pulses, cereals, spices, groundnut, and plans to expand its crop portfolio.
