MSME financer Origo raises Rs 80 crore to strengthen financing and logistics solutions

New Delhi, Oct 1 (KNN) Through its Hivos-Triodos Fund, Origo Commodities has raised Rs 80 crore from impact investors Oikocredit, Caspian SME Impact Fund IV, and Triodos Investment Management to strengthen its financing and logistics solution.

Origo Finance offers lending products including Warehouse Receipt Finance, Procurement Finance and MSME finance.

Mayank Dhanuka and Sunoor Kaul, Co-Founders of Origo, said, “We are very excited to partner with Oikocredit, Caspian and Triodos.”

He said, “We look forward to leveraging our investors’ experience to further Origo’s growth to strengthen our product and reach to people in need of financing and logistics solutions.”

Unitus Capital acted as the exclusive financial advisor for the transaction.

Founded in 2010, Origo provides agriculture supply chain solutions and financing for all post-harvest participants, including farmers, traders, processors, bulk buyers, warehouse owners and financial institutions.

Origo has a footprint across 12 States, with assets under management worth Rs 8,000 crore.

It has 18 branches in Andhra Pradesh, Telangana, Maharashtra and Karnataka with around 3,500 clients including over 1,400 farmers.