IBEF: November 21, 2019
The Innovation in Food and Agriculture Fund (IFA Fund) has committed investment of around US$ 4 million for a minority holding in Hyderabad-based Telluris Biotech India Private Limited.
Telluris Biotech which works to bring environment-sensitive biological control products for the plant root knot and cyst nematode related disease complexes in market. The registered biological and bio-molecular products have possibility to provide significant savings to crop growers, says Mr. Venu Polineni, its founder. "Our extensive research-based solutions will result in the farmers efforts to protect their crops and enhance yield significantly," he added.
The investment in Telluris is a contribution towards sustainable agriculture with science-based solutions that can provide true health and environment benefit to growers, said Mr. Krishna Kumar, Chairman of Sathguru Catalyser Advisors, the asset management company of IFA Fund.
IFA Fund which is an India-focused investment Fund that is sponsored by Sathguru Management Consultants, Hyderabad. These investments in innovation-driven growth ventures that has the potential to transform farm produce and market-ready food products.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.