Ecozen raises $10 million from Nuveen Global Fund. This is the second part of its planned Rs 200 crore series C round. According to the media reports, The company’s board has passed a special resolution to issue 1,06,657 Series C2 CCPS at an issue price of Rs 7725.67 each to raise Rs 82.4 crore or $10 million.
It was founded by Devendra Gupta, Prateek Singhal, and Vivek Pandey alumni of IIT Kharagpur. EcoZen develops technology-enabled products to strengthen the farm-to-fork value chain of perishables.
In June 2022, Ecozen raised Rs 54 crore of funds as part of the first tranche of a planned Series C round. The new funding round was led by Dare Ventures, the venture capital arm of Coromandel International, with participation from existing investors Caspian and Hivos-Triodos Fonds through equity.