Nutrifresh lands first $9.46M of DFC debt, posts 51% revenue jump
What's the deal? Nutrifresh Farm Tech has secured a first tranche of US$12.2M in debt from the US International Development Finance Corporation (DFC). It forms part of a proposed US$54.3M package to expand the Pune company's controlled environment agriculture (CEA) infrastructure.
The numbers: Nutrifresh reported revenue of US$29.7M in FY26, up 51% from US$19.7M in FY25. It targets US$54.3M in FY27 and says it has stayed profitable every year since incorporating in 2019.
What's the endgame? The integrated agriculture and food company is building CEA at scale. It has 105 acres under construction near Pune on top of 83 operational acres, which it expects will roughly triple its productive footprint.
Why now? Chief executive officer Sanket Mehta said demand from quick commerce platforms and hotel chains for year-round residue-free produce is driving the expansion. Nutrifresh supplies more than 100 business-to-business customers, including Swiggy, Zepto, Flipkart Minutes, BigBasket and Reliance FreshDealroom has a profile for this one. Try Dealroom →.
Its produce reaches 15 Indian states and international markets including the UAE, the Maldives and Singapore. The company also signed a memorandum of understanding with the Maharashtra government to develop 1,000 acres of smart agriculture infrastructure.
What else? Backers include Neev FundDealroom has a profile for this one. Try Dealroom →, Florintree AdvisorsDealroom has a profile for this one. Try Dealroom → and Green Frontier CapitalDealroom has a profile for this one. Try Dealroom →. "Our growth has been funded with discipline," said chief financial officer Ganesh Nikam, adding that board-level approval governs every land acquisition.
Nutrifresh is also scaling a joint farming model, partnering with farmers who cultivate their own land to add capacity without heavy capital outlay. It aims to support more than 25,000 farmers over the long term.
The signal: The DFC's involvement signals growing institutional confidence that indoor, technology-led farming can work profitably in India, not just in capital-rich Western markets.
Read more: nuffoodsspectrum.asia
Image credit: USDAgov
