Bharti Enterprises and global investment group E.L. Rothschild had formed an equal joint venture, FieldFresh Foods, in 2004, to produce and export fresh vegetables and fruits. Three years later, in 2007, the Singapore-listed Del Monte Pacific Ltd acquired 40.1% stake in FieldFresh Foods for $20.8 million. Bharti continued to hold 50% in the company, with Rothschild staying in the company as a minority partner.
Dehaat Freshtrop Fruits Acquisition: Dehaat, which commands the highest valuation in the agritech space at over $700 million, has more than 12,000 franchise offline centres and 100 nodes, spread over 120 districts across northern India. It has 2.1 million active farmers purchasing seeds, fertiliser and pesticides, as well as availing financing and insurance related services.
Temasek-backed agritech startup DeHaat said Tuesday it has acquired the fresh fruit export business of Freshtrop Fruit Ltd to expand its overseas operations that currently ..
The Sofina, Temasek-backed startup will be paying up a total of Rs 77 crore (about $9.3 million) in the deal, as per a regulatory filing from Freshtrop Fruits, a Rs 250 crore business that was founded in 1992 and listed on the Bombay Stock Exchange.