Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES) has invested $4.3 million for an 11.25% stake in Switzerland based agri technology firm Gamaya SA. This investment will be through a subscription to 300 Common Shares and 30,469 Series B Preferred Shares of Gamaya SA.
ICOS Capital, VI Partners and some existing investors also participated in the CHF 7.5 mn Series B funding round. Through this investment, Mahindra will make superior farming solutions easily accessible to the global farming community, in line with the company’s Farming 3.0 strategy.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.