India: Sathguru Management plans to raise $100m food & agri fund

Hyderabad-based consulting firm Sathguru Management Consultants is in the process of raising $100 million for an Innovation in Food and Agriculture Fund, according to a report in The Economic Times.

The new fund, which will be managed by the firm’s fund management company Sathguru Catalyser Advisors, is likely to invest in eight to 12 companies. The average size of investment by the fund is estimated to be around $8 million each in lieu of a significant minority stake.

According to the news report, the fund is keen on investing in companies that are engaged in adopting technology solutions to address  issues impacting agriculture, food and nutrition in India. The first deal from this fund, which is touted to be like an accelerator, is expected to close in the next few months.

The fund will be headed by Vijayaraghavan K, A Krishna Kumar, Prabhu C and Venu Gopal Chintada.

“We want to bring in techno-commercial expertise,“ Chintada, partner at Sathguru Catalyser Advisors told the news paper. “We are focusing on established businesses that have already created channel partners and developed product on a commercial level. From that stage, if they struggle to move up to the full fledged growth stage, that is where we want to come in.”

“Today innovation is used interchangeably with startup. However, we are not necessarily talking about startups because innovation takes place in mid and large-sized companies as well,“ Chintada added.

In 2010, Sathguru Management Consultants launched a venture fund initiative with an initial corpus of $100 million. Christened ‘T-harmony’ venture fund, the initiative was formed to function under the trilateral business models.

At the time, the fund was expected to invest $2-3 million each in around 25 ventures across 6-7 countries, mainly in agriculture, food and seed industry.

Also Read:

India: Smartphone maker Micromax to float $100m investment fund

India: Stellaris Venture Partners raises $50m for tech-focused fund

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.