Social enterprise firm Sistema.bio raises $12 mn; to help 2 lakh farmers globally over next 3 years
New Delhi: Social enterprise Sistema.bio Monday stated it has raised $12 million from buyers and the quantity could be used to assist two lakh farmers in lots of international locations, together with India, over the following three years.
“Shell Foundation, DILA CAPITAL, Engie RDE Fund, EcoEnterprise Fund, EDFIMC (ElectriFI), Endeavor Catalyst Fund, CoCapital, Triodos, Alpha Mundi, and Lendahand are among the investors and creditors participating in the round,” the corporate stated in an announcement.
It plans to affect two lakh smallholder farmers in India, Kenya, Mexico, and South America with biodigester know-how over the following three years.
Sistema.bio is a world social enterprise that works with smallholder farmers to handle the challenges akin to poverty, meals safety, and local weather change, offering entry to modern biodigester know-how, coaching and financing to make farmers extra productive, environment friendly and sustainable.
The corporate began its operations in India in 2017 with its headquarters in Pune. The enterprise has reached over 300 households impacting over 1,500 lives in India with operations in Gujarat, Maharashtra, and Karnataka.
Sistema.bio manufactures and distributes high-quality, inexpensive biodigesters that allow farmers world wide to transform waste into vitality and fertiliser.
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