Posted on 15 July, 2021
Zephyr Peacock invests in small and medium sized enterprises operating across financial services, food and agriculture, and infrastructure ancillaries sectors. The Fund has invested in Aqgromalin, a tech-driven provider of services related to animal husbandry and allied activities.
Below is an excerpt from the post that first appeared on The Economic Times on 15 July 2021:
Agri-tech startup Aqgromalin, said it has raised Rs 5.5 crore in seed funding led by Zephyr Peacock India Growth Fund.
Indigram Labs Foundation, and other noted angels from the agri startup ecosystem also participated in the round.
As part of the deal, Zephyr Peacock, provider of growth capital to small and medium enterprises, will gradually scale up its exposure as the company grows, the release said.
Founded in 2019 by Prasanna Manogaran and Bharani C.L, Aqgromalin is a platform that enables farmers to diversify into animal husbandry and aquaculture. The company has reached over 40,000 livestock farmers across Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Assam, West Bengal, Orissa and Kerala. The company plans to reach over 1,00,000 farmers by the end of 2021.
“Animal husbandry and aquaculture sector in India is underserved and highly fragmented. Livestock farmers face various issues including limited availability of quality inputs, lack of quality feed, and lack of access to markets,” said Prasanna Manogaran, Co-founder and CEO, Aqgromalin.
Aqgromalin plans to use the funds raised from Zephyr Peacock for team expansion, technology development, category addition and geographical expansion.
Zephyr Management is a global emerging markets investment manager, specializing in the creation and management of highly focused private equity funds
Since its inception in 1994, Zephyr has sponsored and/or managed 26 investment funds in both public and private securities markets representing approximately $1.2 billion in combined commitments and assets under management
Emerging Markets Focus
The firm has initiated several private equity funds investing in several African countries, South Korea, Mexico, India, and Sri Lanka since its founding. Zephyr's funds serve medium size enterprises that are often ignored by larger private equity players. Zephyr funds provide growth capital to established companies with proven business models and sustainable competitive advantages.
Investment activities are currently focused on India, Sri Lanka and Africa.
Zephyr Peacock India
Zephyr Peacock India provides equity financing for fast growing, small to medium sized companies led by strong entrepreneurs and management teams.Read More
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Active Portfolio Support
The firm's special expertise lies in bringing global best practices to medium-sized growing companies by assisting them in conceptualizing sustainable business strategy, management development, compensation, ESG, expansion outside of their home country, capital structure and positioning for stock exchange listing or trade sale.