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India: Vertical farm acquired by logistics company

Samudra Group, a large player in the shipping industry, acquired Raw & Ruckus, a Mumbai-based vertical farm. This move has been made because of Samudra Group's desire to diversify its interest and expand its presence into new sectors.

"The acquisition signifies a strategic step into a new territory and a continued commitment to exploring diverse avenues for growth and development. We are always looking for new avenues to diversify our offerings and generate greater value for our stakeholders. We are excited to welcome Raw & Ruckus into the Samudra family. This acquisition marks the beginning of an exciting journey toward growth and innovation," says Ketan Kochikar, Co-Founder of the Samudra Group.

Vikram Varma, Founder of Raw & Ruckus expressed enthusiasm about the acquisition stating, "Raw & Ruckus was founded with a vision to change the way vegetables are grown and consumed. Joining forces with Samudra Group is a very exciting next step. The founders' vision for innovation and growth resonates strongly with me, and I am eager to contribute towards realizing their shared vision. Here's to pushing boundaries and creating a lasting impact in the market."

Vikram Varma will take on an expanded leadership role not only within Raw & Ruckus but also in exploration and expansion into other sectors. In addition to overseeing the core hydroponic farming operations, Vikram Varma will drive development and innovation across various areas, including the exploration of opportunities in agriculture, food, hospitality and allied interests.

While specific financial details of the acquisition remain confidential, the synergy between Samudra Group and Raw & Ruckus promises a partnership focused on innovation, growth, and creating lasting value.

Source: MSN

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