M&M acquires 100% stake in agritech startup MITRA
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Mahindra & Mahindra (M&M) has inked definitive agreements with agritech startup MITRA, increasing its stake from 47.33% to 100%. Thereby, MITRA is now a wholly-owned subsidiary of M&M. As part of the deal, M&M has bought out MITRA’s backer Omnivore’s stake in the startup. With this acquisition, MITRA plans to scale its product portfolio and expand network in India and overseas markets.