Agrow Allied Ventures Private Limited has raised ₹186 crore from a combination of primary capital infusion by India Advantage Fund S5 I, a fund managed by ICICI Venture Funds Management Company Limited; and secondary sale by existing shareholders.
Trilegal advised Agrow Allied Ventures, along with its promoters and existing shareholders, on this fundraise.
The transaction team consisted Nikhil Sachdeva (Partner), and supported by Associates C.N. Yashwanth and Madhur Patel.
JSA Advocates & Solicitors advised ICICI Ventures on this transaction.
The transaction team was led by Vikram Raghani (Partner), with support from Yashvi Singh (Partner), Vwastav Ghosh (Partner), Associates Megh Panchal, Trisha Mishra, Tanya Byndoor, Samika Pachouly, Pranjal Shorey, Garima Agarwal and Hrithik Vyas, and Niki Shah (Senior Company Secretary).
Agrow Allied Ventures is engaged in the manufacture of agrochemicals, including herbicides, insecticides, and fungicides, and has a presence across more than 80 countries. The Company has a strong product portfolio comprising over 15 technical products and more than 400 formulations, including specialty and patented offerings.
Agrow will utilize the funds for R&D, global registrations and strengthening of manufacturing capabilities.
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