Resources created and curated to support the growth of impact investing, for those new to the field and for experienced practitioners.
An Annual Showcase of Impact Investment Fund Managers
Omnivore is an impact venture capital firm, based in India, which funds entrepreneurs building the future of agriculture and food systems. Omnivore pioneered agritech investing in India, backing over 20 startups since 2011, and currently manages INR 9.35 billion (approximately $132 million) across two funds. Omnivore defines itself as a “financial first” impact investor, seeking to deliver market-rate venture capital returns, while impacting the lives of Indian smallholder farmers and rural communities. Every day, Omnivore portfolio companies drive agricultural prosperity and transform food systems across India, making farming more profitable, resilient, and sustainable.
Omnivore invests in Indian startups developing breakthrough technologies for agriculture, food, climate resilience, and the rural economy.
Omnivore’s investment thesis focuses on nine core agritech themes: Farmer Platforms, Precision Agriculture, Agri Biotech, Innovative Foods, Rural Fintech, Agri B2B Marketplaces, Farm to Consumer (F2C) Brands, Agribusiness SaaS, and Post-Harvest Technologies Omnivore’s theory of change (TOC) is to drive agricultural prosperity and transform food systems in India through three impact pillars: - Increasing Smallholder Farmer Profitability: raising farm yields, securing better prices for farm outputs, lowering the cost of finance, and reducing farm expenditures - Enhancing Smallholder Farmer Resilience: providing access to innovative finance, risk management solutions, steady/augmented sources of income, and improved market dynamics - Improving Agricultural Sustainability: lessening environmental impact of agriculture by reducing consumption of natural resources and minimizing waste, while building climate resilience Omnivore typically invests in Seed, pre-Series A, or Series A funding rounds, reserving enough capital to participate in follow-on rounds through Series B.
Omnivore is the only impact investor in South Asia focused entirely on agriculture. We have built a reputation over the past decade as the preferred investor for agricultural startups, given our deep sector expertise and catalytic value addition. Every member of Omnivore's investment team has prior experience in agribusiness, agricultural development, food processing, rural marketing, and/or agricultural technology. Many of Omnivore’s investments have managed to scale massively, despite the challenges of operating in rural India: - Stellapps: digitizing India’s USD 142 billion dairy industry; co-investors include the Gates Foundation, WRVI, ABB, Qualcomm Ventures, and Blume Ventures - DeHaat: India’s largest full-stack smallholder farmer platform; co-investors include Sequoia, FMO, and AgFunder. - MITRA: leading manufacturer of precision sprayers in India, helping farmers reduce pesticide usage; acquired by Mahindra (India's largest tractor company) to scale globally
DeHaat is a technology-based platform offering full-stack agricultural services to farmers, including distribution of high quality agri inputs, customized farm advisory, access to financial services, and market linkages for selling their produce. DeHaat has been designed as a one-stop solution for the needs of Indian smallholder farmers; currently over 300,000 farmers across Bihar, UP, Jharkhand, and Odisha are on the platform. The platform integrates a digital marketplace with a rural network of over 1,000 last mile service delivery centers, overseen by village-level entrepreneurs, radically increasing farmer profitability and resilience. Omnivore originally invested in DeHaat's Seed round in February 2019, as the company's first institutional investor. In March 2020, Sequoia Capital and FMO jointly led DeHaat's Series A round, which was Sequoia's first ever agritech investment.
Mark Kahn – Partner More Info
Mark co-founded Omnivore with Jinesh Shah in 2010. Previously, Mark was the Executive Vice President (Strategy & Business Development) at Godrej Agrovet, one of India’s foremost diversified agribusiness companies. At Godrej Agrovet, Mark was responsible for corporate strategy, M&A, R&D, and new business incubation. Earlier in his career, Mark worked for Syngenta and PFM. He earned a BA (Honors) from the University of Pennsylvania and an MBA from Harvard Business School, where he graduated as a Baker Scholar. Mark is a member of the Confederation of Indian Industry (CII) National Council on Agriculture, a member of the Governing Council of the Maharashtra State Innovation Society, and a member of EMPEA’s Venture Capital Council.
Jinesh Shah – Partner More Info
Jinesh co-founded Omnivore with Mark Kahn in 2010. Previously, he was Vice President and CFO at Nexus Venture Partners, one of India’s leading venture capital funds. Earlier in his career, Jinesh worked in corporate finance roles for Datamatics (leading Treasury/M&A), Patni Computers (initiating the IPO process), and HCL Technologies (founding the BPO business). He is a member of the IMC Chamber of Commerce and Industry’s Agriculture & Food Processing Committee. Jinesh is a Chartered Accountant with a B.Com from R A Poddar College and an MMS (Finance) from JBIMS.
Reihem Roy – Partner More Info
Reihem joined Omnivore in 2013 and runs our Chennai office. In addition to his investment responsibilities, he serves as Omnivore’s E & S and Business Integrity Officer. Previously, Reihem was an Associate at Villgro, a social impact fund and incubator. At Villgro, he co-founded the incubator’s healthcare practice while building a portfolio of social enterprise investments across agriculture, healthcare, and energy. Reihem began his career as an Analyst at the United Nations International Fund for Agricultural Development (IFAD), where he was assigned to the fund’s West and Central Africa portfolio. He earned a BA in Economics from the University of Madras and an MSc in Environmental Economics from the University of East Anglia.
Percentage of Total Assets Under
Management that are Impact Investments:
Omnivore’s Theory of Change (TOC) is based on three key pillars - increasing smallholder profitability, enhancing smallholder resilience, and improving agricultural sustainability. As part of investment process, Omnivore evaluates each deal against these three parameters, and proceeds only if significant impact potential is clear.
Yes, Omnivore follows IFC ESG standards, and the transaction documents for any investment mandates the adoption of an ESG policy and ESG action plan implementation.