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New-Delhi based Hunch Ventures partners with Earth First Food Ventures

January 19, 2023

Hunch Ventures, a New Delhi-based Investment fund, has announced a global partnership with Earth First Food Ventures (EFFV) to build India's first Net-Zero Food Tech Innovation project. Catalyzed by the Global Alliance for a Sustainable Planet (GASP), this Net-Zero Food Tech Innovation project will be the first of its kind in India focused on smart proteins and innovative technologies in food production for lower carbon emissions, cleaner and healthier production of protein with lower GHG emissions. The goal is to move toward a net zero society over the coming decades. The partners envisage strong growth for the enterprise as well as for the country as a whole.

The proposed states and localities are now being defined for the first site. With capacity to meet future demand over the next decade, the Net-Zero Food Technology Innovation Project will encompass plant-based assets, precision and biomass fermentation production and eventually cultivated (i.e. cell ag) technologies, to strengthen local food supply chains and address the need to alleviate hunger and the burgeoning (and international) markets. Over time, there will be multiple Net-Zero Food Technology Innovation projects that will also serve as a social enterprise for the increase in quality of life for everyone from producers to consumers in the ecosystem.

"We are excited about this triangled global alliance with our partners which is testament a to the New Agrarian Revolution we are witnessing as we move to scale Smart Proteins and innovative Food Technologies worldwide for a Net-Zero society," commented Brian Ruszczyk, Co-founder & CEO of EFFV. "The strategic importance of Asia and India for producing healthy, cleaner protein cannot be underestimated."

“We find food security as a growing and relevant problem to address in the world," added Karanpal Singh, Founder, Hunch Ventures. "At Hunch, we want to partner with the best food innovators, to bring smart technology in food production, storage, processing and distribution to the Indian subcontinent. This partnership combines our decades-long experience in infrastructure and logistics, with the global expertise of GASP and EFFV.”

“At the Global Alliance for a Sustainable Planet (GASP), we believe meaningful solutions stem from innovative partnerships," concluded Satya S Tripathi, Secretary General, GASP. "The collaboration between Earth First Food Ventures (EFFV) and Hunch Ventures, aimed at accelerating the development of local, low-carbon, smart proteins and innovative food production technologies, will enable not only a diverse group of stakeholders across the food technology spectrum but also support India's ambitious net-zero goals.”

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