Tuesday, 19 September 2017

Bengaluru-based potato seeds firm Utkal Tubers India Pvt. Ltd has raised Rs 30 crore (around USD4.6 million) from Zephyr Peacock India Fund and CapAleph Indian Millennium SME Fund, according to a media report.

“We have taken controlling interest with this investment. We aim to create a good franchise for potato seeds as well as improve seed quality and variety in seed deficient states,” The Economic Times reported citing George Thomas, founder of CapAleph Indian Millennium SME Fund.

While Zephyr Peacock picked a stake in Utkal Tubers in October last year, CapAleph came in as an investor later. It could not be immediately ascertained if both Zephyr and CapAleph invested as part of the same funding round. 

Related articles: 

UNPT Advises French Potato Producers Regarding the Lack of Seedlings 

India Sets Record in Potato Production in 2017 

New Potato Factory in India Will Process 35,000 Tons Annually 

EXCLUSIVE: India Likes to Snack

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