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IDFC Private Equity to invest Rs150 crore in Staragri Warehousing and Collateral Management

The proposed investment will provide an opportunity for IDFC PE Fund III to participate in untapped potential of the rural economy

IDFC PE Fund III, managed and advised by IDFC Private Equity, has announced an investment of Rs150 crores in Jaipur based Staragri Warehousing and Collateral Management Limited, a company providing post Harvest Management Solutions.

This is the first investment by IDFC PE in the agri services sector. The proposed investment will provide an attractive opportunity for IDFC PE Fund III to participate in untapped potential of the rural economy and get connected with millions of farmers through its services.

Girish Nadkarni, partner, IDFC Private Equity said “Staragri’s unique model not only protects agri-produce but also connects farmers to centers of consumption and sources of financing. It brings better realisations for farmers and makes available agri-financing at lower cost. Bringing prosperity to farmers is in line with IDFC’s ethos of Building India”.  

The Fund will invest Rs150 crore which will be used for expanding high quality warehouse network and also for creating a pan India footprint of the allied post-harvest management services.

Satish Mandhana, managing partner, IDFC PE commented “Agri services business has the potential to bring positive change to 70% of Indian population which depends on agriculture for its livelihood. Agri infrastructure and allied services such as warehousing, irrigation, mechanisation, logistics etc., addresses the core of developing India.”

Staragri is engaged in the business of agri commodity warehousing services including storage, lab testing, collateral management services and procurement services.

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