Absolute Foods to raise $90M in funding
Mumbai-based Absolute Foods is reportedly set to raise between $75 – $90 million in a funding round led by Falcon Edge and Tiger Global. This injection of capital may bring the company’s valuation up to $250 – $300 million.
“Currently, due diligence is being carried out and the final binding offers will be submitted in a fortnight,” said an Economic Times informant. “It wanted to raise a smaller $10-20 million round, but the investor interest has forced them to extend the round. It could be $50 million now with the remainder coming in as an extended round,” they added.
Founded in 2016 by Agam Khare, Prateek Rawat and Samder Singh, Absolute Foods deals with the entire cycle of agri produce. It offers a digital AI-driven OS platform that can be implemented across farms, enabling farmers to grow organic crops.
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