News & Events

Intellecap raises Series A funding for rural company Gramco

Intellecap's Investment Banking Practice raised INR 150 million in Series-A funding for Gramco Infratech in a transaction where it acted as the sole financial advisor.                                                                          

Gramco Infratech Private Limited (Gramco), a rural-focused Company that creates infractructure to support farmers, secured a first-round equity funding of INR 150 Million from Samridhi Fund. Gramco will utilize these funds to construct agri-warehouses in Madhya Pradesh and to meet its working capital requirements.

The Samridhi Fund was launched as a private sector development programme by Department for International Development (DFID) in partnership with Small Industries Development Bank of India (SIDBI).

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About Gramco

Based out of Indore, Gramco offers complete bouquet of services in the vicinity of villages and producing areas - spanning across inputs, warehousing, collateral finance, contract farming/seed production, fully automated handling / cleaning / grading and procurement of agri-commodities by creating strong market linkages for farmers. It is in the business of creating / leasing full service agri-infrastructure. Gramco, incorporated in 2010, owns 2 multi service facilities near Indore and plans to set-up another 11 by FY' 15. It aims to increase the number of farmers served from the current 700-800 to 10,000 by 2015.

Pic credit: Gramco.in