Agrow Allied Ventures Secures Major Investment to Boost Expansion
Agrow Allied Ventures Pvt Ltd, an agrochemical firm, has raised USD 20 million from ICICI Venture's India Advantage Fund S5 I. This investment will fuel the expansion of their manufacturing and export operations for crop protection agrochemicals, with a current capacity of 30,000 tonnes per annum at their Rajasthan facilities.
- Country:
- India
Agrow Allied Ventures Pvt Ltd, a leading name in the agrochemical sector, announced a significant financial boost as it secured a USD 20 million investment from ICICI Venture's India Advantage Fund S5 I. The move marks a strategic step forward in its mission to enhance business operations.
In their official announcement on Monday, Agrow Allied emphasized the role of this equity investment in ramping up their production capabilities. The company specializes in manufacturing and exporting herbicides, insecticides, and fungicides, catering to crop protection needs globally.
With its manufacturing headquarters based in Kothputli, Rajasthan, the firm currently boasts an impressive production capacity of 30,000 tonnes per annum. The new investment is expected to further strengthen Agrow Allied's market presence and operational efficiency.
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