Agri-based startup AgroStar, a farm advisory and input platform has acquired INI Farms Pvt Ltd in order to expand the business. It is now targeting to increase its revenue by more than Rs. 1000 crore in next financial year.
INI Farm Pvt Ltd. is Mumbai based leading export company. It exports fruits and vegetables like bananas and pomegranates. It markets the products under the brand ‘Kimaye’. INI Farm was founded by Pankaj and Purnima Khandelwal in 2006 and handles over 50000 tones of fruits yearly.
The deal’s value was not disclosed by the corporation. AgroStar will assist farmers in marketing their products both domestically and internationally as a result of this acquisition. AgroStar now has a larger footprint in the USD 300 billion agro output market as a result of this acquisition.