• logo linkedin
  • logo email
proparco inde omnivore fonds climat climate fund india
RR
Proparco, a subsidiary of Agence Française de Développement (AFD) Group, has invested USD 5 million in Omnivore’s third fund, the Omnivore Agritech & Climate Sustainability Fund. Omnivore supports visionary founders advancing agrifood resilience, driving rural transformation, and catalyzing climate action across India and Southeast Asia. The VC firm’s latest investments include Fibmold, Optimo, Sid’s Farm, and Scimplify.

This LP investment marks Propaco’s first VC fund commitment in India. The company,  a subsidiary of France’s official development agency (AFD), has been operational in India since 2009 and is focused on strengthening private sector capabilities across developing countries. With an international network of 25 local offices, Proparco works closely with its partners to build sustainable solutions to environmental and social challenges in Africa, the Middle East, Asia, and Latin America.  The two key pillars of Proparco’s work in India include reducing inequality and adapting to climate change.

Thierry Mathoum, Ambassador of France to India, stated, “The Omnivore project underscores the comprehensive and the extensive nature of the Indo-French partnership. This innovative project will allow our countries to develop our joint investment in agritech. I see it as an important milestone on the road towards the India-France year of innovation which will take place in 2026.”

Diane Jegam, South-Asia Director of Proparco, said, “I am very pleased by this partnership with Omnivore, the first Venture Capital project outside Africa today for Proparco. This project is also perfectly in line with our 3 strategic objectives in favour of a sustainable and resilient economy, for the protection of the planet and for the reduction of inequalities. By committing to climate-friendly investments that empower small-scale farmers to strengthen their resilience, Omnivore is pivotal in supporting sustainable development in India.”

Jinesh Shah, Managing Partner of Omnivore, commented, “We are honored to partner with Proparco as they begin supporting Indian venture capital funds. Omnivore empowers entrepreneurs revolutionizing agriculture, rural economies, and climate solutions. Proparco's support will help these innovations scale globally, fostering resilient and equitable communities worldwide.”

The French Development Agency (AFD) group contributes to implementing France's development and international solidarity policy. AFD teams are involved in 3,600 projects with a robust social and environmental impact in the French overseas territories and more than 160 countries.