Indian agriculture infrastructure company Gramco Infratech has secured a first-round equity funding of Rs 15 crore from Samridhi Fund. The funds raised will be used to construct agri-warehouses in Madhya Pradesh and to meet its working capital requirements.
Gramco Infratech creates/leases full service agri-infrastructure. It offers services to farmers in ruaral India in warehousing, collateral finance, contract farming/seed production, fully automated handling / cleaning / grading and procurement of agri-commodities by creating strong market linkages for farmers.
Gramco also plans to utilise the funds to scale up the number of farmers it serves from 800 to 10,000 in two years.