GRM Overseas has set up its food tech fund under the aegis of its subsidiary GRM Foodkraft (hereinafter referred to as ‘GFK’ or the ‘Company’). The purpose of this fund is to invest in food tech companies which strategically fits into GFK’s Direct-to-Consumer (D2C) product offerings.
Additionally, GRM Overseas has made its maiden investment from this fund and picked up a 5% stake (pre-money) in Tobox Ventures (hereinafter referred as ‘GoKhana’) on November 30, 2021. This strategic investment will help GFK to leverage GoKhana’s network to introduce its high-quality product basket directly to GoKhana’s corporate catering partners and their customers. Furthermore, this partnership will extend new Direct-To-Consumer product offerings from GFK to GoKhana’s customers under D2C model.
GRM Overseas is presently engaged in the business of processing and sale of rice.
Company Name | CMP |
---|---|
Nestle | 2465.95 |
Britannia Inds | 5087.15 |
Varun Beverages | 1498.70 |
Marico | 590.85 |
Hatsun Agro Product | 1011.00 |
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