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Nexus Venture Partners invests 
10 Crore in Delhi based firm
By siliconindia
Bangalore: Nexus Venture Partners has invested 
10 crore in Delhi-based agri-commodity logistics and procurement company, Sohan Lal Commodity Management (SLCM). The company will use the funds to expand its presence and warehousing capacity.
The company provides comprehensive agri-commodity warehouse management and procurement solutions to farmers, processors, traders, agri-exchanges and government organizations across 70 locations and 12 states in India. As reported by Shrija Agrawal from the VC Circle, last year the company handled over 5,000 crore worth of agri-commodities ranging from grains, oilseeds, pulses and spices among others, it said in a press statement.
SLCM works with leading commodity exchanges as their delivery partner across India and provides collateral management for banks for their warehouse receipt based financing products. The company will use the monies to become the leading agri-logistics company in India covering the whole gamut from farm to port. Sandeep Singhal of Nexus Venture Partners who will join the Sohan Lal Commodity Management board, said, "The agriculture supply chain in India is currently very inefficient leading to huge losses in agri commodities in India."
10 crore in Delhi-based agri-commodity logistics and procurement company, Sohan Lal Commodity Management (SLCM). The company will use the funds to expand its presence and warehousing capacity.
The company provides comprehensive agri-commodity warehouse management and procurement solutions to farmers, processors, traders, agri-exchanges and government organizations across 70 locations and 12 states in India. As reported by Shrija Agrawal from the VC Circle, last year the company handled over 5,000 crore worth of agri-commodities ranging from grains, oilseeds, pulses and spices among others, it said in a press statement.
SLCM works with leading commodity exchanges as their delivery partner across India and provides collateral management for banks for their warehouse receipt based financing products. The company will use the monies to become the leading agri-logistics company in India covering the whole gamut from farm to port. Sandeep Singhal of Nexus Venture Partners who will join the Sohan Lal Commodity Management board, said, "The agriculture supply chain in India is currently very inefficient leading to huge losses in agri commodities in India."
