Swiss investor bets on Suminter
Switzerland-based responsAbility Investments AG has invested in organic food exporter Suminter India Organics Pvt Ltd, marking its second deal in the food and agriculture sector in India.
The impact investor picked up a minority stake in Suminter through the transaction, according to a press statement. It didn’t disclose the amount of investment.
Akshay Dua, Regional Head of private equity investments in the agriculture sector at responsAbility, said that Suminter combines double-digit growth rates with tangible development impact and that it “exactly fits the profile” of companies the Swiss investor is looking for to make investments.
Suminter sources, processes and exports organic produce such as soya, spices and herbs, cocoa, virgin coconut oil, vanilla, sugar, cereals and pulses, and cotton.
The company says its sourcing and processing operations are spread across Asia and Africa and it has customers across 20 countries, including the US. It works with about 50,000 farmers.