Neemuch, Madhya Pradesh based startup Carmel Organics has recently boarded the agritech portfolio of Ankur Capital, an India-focussed VC fund backing early-stage startups.
Carmel Organics was founded in 2012 by Shailendra Dhakad and Rajesh Sagitla with the aim of helping small farmers in India increase their incomes by the sales of organic herbs and the production of the spices and their subsequent distribution.
The company has developed an integrated supply chain to deliver traceable, organic, functional herbs to the global markets. It works directly with more than 1,500 farmers, educating and training them on practices that will yield products that meet the quality requirements for certified organic produce across major global markets. In turn, farmers realise significant income gains from this association.
The raised funds from Ankur capital shall be utilised by the company to scale-up its business, particularly targeting the global markets.