Mumbai, Feb 4 (PTI) Agriculture supply chain and trade finance company Origo Commodities on Thursday said it has raised Rs 75 crore from Yes Bank.
The current round of debt funding will act as working capital for Origo, the company said in a statement,
It will also to use the funds for improving the services and structures within the agricultural ecosystem.
The agritech player hopes to unlock agri-commodity investments for retail investors in the coming months.
"We are delighted to associate with Yes Bank, and acknowledge that our association with them will be beneficial to the agri-community. We hope that the funding will revitalize the sector with liquidity and make the supply chain more efficient," Origo Commodities co-founder Sunoor Kaul said.
Origo currently manages assets worth Rs 8,500 crore and operates in 12 states, where it provides supply chain services, commodity finance and working with institutional investors to securitise agri-commodities.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)













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