IDFC PE Invests R150Cr In StarAgri Warehousing & Collateral Management
by Irfan Khan
IDFC Private equity has invested R150Cr in Star Agri Warehousing and Collateral Management Ltd for a significant minority stake.The investment was made through it's $650Mn IDFC PE Fund III.
The funds will be used for expanding the warehouse network and creating a pan India network of allied post harvest management services.
Jaipur based Star Agri provides integrated post-harvest management solutions including warehousing, procurement and collateral management of agri-commodities. It also provides allied services such as testing, certification and transportation.