Impact investment-focused venture capital firm Omnivore plans to deploy most of the remaining capital from its ₹1,800-crore Fund III into deep science and consumer brands over the next year, as it positions itself for the next investment cycle. According to reports from Mint, managing partner and co-founder Mark Kahn said the firm has deployed about 55% of Fund III and is expected to finish deploying the balance 45% by H1 of 2027. The deployment comes at a time when demand for high-protein foods is rising and investor interest in deeptech—particularly drones, robotics and physical AI—is accelerating globally.
Consumer investing has never been a core strategy for Omnivore, which remains focused on agrifood systems in India. As reported by Mint, the firm has only three consumer brands in its portfolio, with its first consumer investment coming in 2020 when it wrote a $2 million seed cheque to healthy snacking brand Farmley. In 2024, the firm invested $10 million in the Series A round of direct-to-consumer dairy brand Sid's Farm, and this year led the startup's $8.4 million pre-Series B funding round. The firm also led craft chocolate brand Manam Chocolate's $9 million Series A round in 2026.
Omnivore has been an investor in IP-led startups focused on companies building in the life sciences as well as those creating impact for farmers through robotics. According to Mint, the firm has previously invested in companies like Loopworm, Pixxel, Niqo Robotics, Varaha, and Intello Labs. Kahn noted that this is the year of physical AI, and the firm is seeing it across multiple portfolio companies. As of 2025, India's deeptech market was estimated to be sized at $9-12 billion and is expected to grow at a 25% compound annual growth rate to sit between $27-33 billion by 2030, according to a November 2025 report released by Redseer Strategy Consultants.
Fund III had its first close in 2023 and final close in early 2024, and Omnivore expects to hold dry powder through the first half of 2027. As reported by Mint, the firm plans to launch Fund IV next year, although its final structure is still being worked out. According to Kahn, the new fund will continue to be organised around four themes—agrifood consumer, agrifood deeptech, agrifood fintech and agrifood value chains—broadly mirroring Omnivore's existing investment strategy. The firm's second fund, which was sized at around ₹690 crore (approximately $97 million), closed in 2019 after being oversubscribed, with Kahn describing the second fund as "very, very healthy exits."
