Organic Farming Startup TBOF Raises ₹ 14.5 Cr from Akshay Kumar, Virejdra Sehwag and Other HNIs

Bollywood actor Akshay Kumar and former veteran cricketer Virender Sehwag have invested in Pune-based organic farming startup Two Brothers Organic Farms (TBOF). The rural startup has raised Rs 14.5 crore from High Net-worth Individuals including both these celebrities, reported Economic Times and

The funding will be used to expand TBOF's manufacturing capacity, build farmer training centers and expand its domestic and international business. In addition, the freshly raised funds will help in empowering farmers, creating more employment opportunities for women in villages and improving the lives of villagers. 

Two Brothers Organic Farms (TBOF) is a 23 acre Regenerative Organic Farm, ECOCERT Certified, a biodiverse and self-sustaining natural food system in a small village called Bhodani in Pune district of Maharashtra. The startup claims to have more than 16 thousand farmers are associated with TBOF.

TBOF was started by two brothers — Ajinkya and Satyajit Hange — in 2012. The founders started their careers as bankers post doing their MBA and later decided to join their roots and work in the agricultural sector, leaving corporate jobs. In 2013 they founded TBOF. TBOF has trained more than 16,000 farmers in skilled agriculture over the years. In addition, several initiatives have been taken to explain the importance of organic farming to farmers.

The founders of TBOF
The Founders (Image – TBOF@Twitter) 

TBOF sells products based on a variety of organic and natural elements including a wide range of Cultured A2 ghee, millets and other grains' flour, wood pressed oil and nut butter. TBOF also train and promote farmers for natural and organic farming of fruits, vegetables, grains and pulses. TBOF has grown very rapidly over the years and is associated with thousands of families. Most of its customers are in 53 countries including 1,000 cities in India through e-commerce platform, mobile apps and major food superstores. 

Akshay Kumar said on the investment made in TBOF, “I believe in TBOF's approach and their commitment to empower rural communities through organic farming. I am glad that I am part of all those who are involved in the journey of TBOF to move forward. "

Virendra Sehwag said," After seeing the farming being done by TBOF, I have decided to invest in it. I am excited to support TBOF's mission of sustainable agriculture and rural development. I am glad to see the positive results brought to the lives of the farmers. "

Satyajit Hange, co-founder of TBOF, said, "With the cooperation of investors we will continue to revolutionize organic farming in India and positively impact rural communities."

Earlier in November last year, popular cricketer Ajinkya Rahane announced a seed fund of ₹ 1 crore for agritech startups, in association MCCIA, a trade association based in Maharashtra. 

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