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Sathguru Management to raise $100 million to start food innovation fund
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Friday, 17 February, 2017, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Hyderabad-based consulting organisation Sathguru Management Consultants is raising $100 million to start an Innovation in Food and Agriculture Fund (IFAF) that will be managed by their fund management company, Sathguru Catalyser Advisors.
The fund aims to target the early growth stage venture to enable them to grow to the next phase. It has currently perceive a gap in this segment and the objective of the fund is to bridge this gap.
The government policies are in favour of the development of the agriculture and food sectors, and the fund would like to leverage the overall macro push on these sectors.
The fund will be headed by Vijayaraghavan K, A Krishna Kumar, Prabhu C and Venu Gopal Chintada. The four partners together bring in expertise from different areas - ranging from enterprise incubation and fund-raising, to banking and venture fund management.
Chintada said, “We will be focusing on innovation-led enterprises that are run by smart entrepreneurs. We are targeting the complete value chain, from agricultural inputs to finished food products.”
“We are targeting both domestic and international investors. On the domestic front, we are looking at public and private sector banks, insurance companies, pension funds and agencies having specific interest in the agriculture and food sectors. On the international front, we are focusing on development funds and fund of funds,” he added.
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