Springforth Capital advised the company raise $7 Mn from High Net-worth Individuals. The funding will help provide the required the equity capital for implementation of projects and receive debt funding from the banks. It can be noted that agri warehousing, being a priority sector for India enjoys preferred lending norms. The transaction was structured in order to get the prescribed government incentives and also tax effective for the investors. Given the high wastage of grains in the ill-equipped government warehouses and lack of storage facilities, the agri warehousing and bulk grain handling is a high growth and sustainable business. Various private equity investors such as IDFC PE, IL&FS, and Rabo PE have taken large bets in this sector.

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