Irish Potato exporter IPM, PE firm Zephyr invest Rs10 crore in Utkal Tubers

Utkal Tubers was incubated in 2017 with initial funding from Zephyr Peacock India Fund and went on to raise Rs 30 crore from CapAleph Advisors

Bengaluru-based Utkal Tubers, an agri-tech start-up developing new varieties of seed potato, has raised Rs10 crore from IPM Potato Group and existing investor Zephyr Peacock. IPM, earlier called Irish Potato Marketing Ltd, is one of the oldest seed potato breeders and exporters out of Ireland.

Through the partnership with IPM, Utkal will license an extensive portfolio of new seed potato varieties with improved disease resistance and high yield potential for retailing in India. “We believe Utkal is well positioned to transform the potato value chain in India. The introduction of new potato varieties will add value for the farmer through