Agri Business goes Global Green with $10 million
The India Agri Business Fund, operated by Rabo Equity Advisors, has invested $10 million into The Global Green Company, the foods division of $4 billion Gautam Thapar-backed Indian business conglomerate Avantha Group.
Global Green produces certain categories of small vegetables and fruit, such as gherkins and sour cherries, from cultivation to marketing, and claims to be one of India's largest fruit and vegetables businesses, with facilities in Belgium, Hungary and Turkey as well as locally. Rajesh Srivastava, Chairman & MD of Rabo Equity Advisors, said “I have worked with the Avantha Group across companies and found it extremely receptive to great business ideas. Global Green is a very potential company and Mr. Thapar’s personal
commitment to the business is what clinched our decision. We have big plans for the
company across sectors and geographies where my investors as well as the team will
majorly add value.” Funding will reportedly be used for expansion plans.
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