The conglomerate plans to invest in poultry and agriculture startups that will be able to access IB's farming expertise and technology.
India-based poultry product supplier IB Group has formed a Rs 2bn ($28m) strategic investment fund, Hindu BusinessLine has reported.
Founded in 1985, IB’s central business focuses on its chicken and egg supply, though it has diversified into areas such as livestock feed, pet food, solvents and hospitality.
The newly formed vehicle will however concentrate on the company’s core business, investing in startups in the poultry and agriculture space. IB will also offer farm management training for portfolio companies.
Bahadur Ali,…
