SEAF India Agribusiness Fund Leads US$2.75 Million Investment in Khyati Foods (Asia)
Source: VCCircle, Sarona Asset Management | Authors: Madhav A. Chanchani, Bhawna Gupta
SME-focused investment firm Small Enterprise Assistance Funds (SEAF) and Canada-based private equity investor Sarona Asset Management have jointly invested US$2.75 million in Khyati Foods, an Indian organic cotton and soybean processor, for a minority stake. The investment is intended to help Khyati expand its processing facilities and further develop its product base. SEAF, via the SEAF India Agribusiness Fund, invested US$2 million, while Sarona, a limited partner in the fund, co-invested the remaining US$750,000.