Origo raises Rs 35 Cr debt from Northern Arc Capital, others
Agritech supply chain and trade finance firm Origo has raised Rs 35 Cr debt from Northern Arc Capital and other investors. Origo group firms Origo Commodities and Origo Finance will use the fund for securitising agricultural markets and streamlining the supply chain mechanism for agri produce in India.
Origo provides end-to-end agriculture supply-chain solutions such as procurement, storage, and financing.Origo Commodities manages assets worth Rs 8,500 crore and is present in 12 states in India.
Sunoor Kaul, Co-founder, Origo Commodities, said, "Through the support of Northern Arc and other financial partners, we aim to serve the agri ecosystem by providing solutions that can take care of all commodity needs for procurement, financing, and warehousing."