Our investment
In December 2014, CDC committed $30 million in IABF 2. The fund raised $150 million which it uses to back between 12 and 15 small and medium sized companies with equity investment sizes ranging from $5 million up to $30 million. We hope to see a significant share of our investment benefiting the low-income states in India where a large number of agribusinesses are based.
Expected impact
Indian agribusiness is a fast-growing domestic market, where increased demand for food products has been fuelled by rapid growth in disposable incomes and demographic change.
But the sector continues to face limitations such as poor quality farm services, shortfalls in warehousing and cold chain facilities, as well as fragmented retail markets.
Investments to modernise food and agribusinesses – and reduce food waste – are urgently needed and will have a direct impact on reducing poverty.
IABF 2’s predecessor, India Agri Business Fund 1, was the country’s first dedicated agribusiness fund. It has made ten investments in companies including Super Agri Seeds, Prabhat Dairy and NCML.
Rabo Equity is also looking to attract global institutional investors to support its plan to double investments in the country.
Environmental and social aspects
We work closely with the fund manager to develop and implement an Environmental and Social Management System that has the capacity to manage the higher level of E&S risk associated with this sector.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Asia
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.
- Food and agriculture, Other consumer services
- Website:
- http://www.raboequity.com/
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Rabo Equity Advisors
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- October 2014
- Amount
:
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
- $30m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Mauritius
Investments made by this fund
- Active
- Exited
| Investment name | Country | Region | Sector | Start date | Status |
|---|---|---|---|---|---|
|
Cremica Food Industries Limited
Cremica, based in the Punjab, is an Indian condiments company catering to the consumer retail sector and to the food service sector. Its key products are mayonnaise and ketchup and it also has a range of sauces, purees and snack foods. |
India | South Asia | Food and agriculture | June 2016 | Active |
|
Parijat Industries (India) Private Limited
Parijat, based in Delhi, is a generic formulations player in the crop protection chemicals industry, including insecticides, herbicides and fungicides. |
India | South Asia | Food and agriculture | June 2016 | Active |
| Olive Bar and Kitchen Pvt Ltd | India | South Asia | Other consumer services | November 2017 | Active |
| Global Gourmet Pvt. Ltd | India | South Asia | Food and agriculture | February 2018 | Active |
| Naturell India Pvt Ltd | India | South Asia | Food and agriculture | April 2018 | Active |
| Nature Bio Foods | India | South Asia | Food and agriculture | November 2018 | Active |
