A P P R E C I A T E
C A P I T A L
Sponsor Lead Investors
INDIA AGRI BUSINESS FUND KFW BANKENGRUPPE
FOOD & As Indian economy transcends its US $ 1 trillion benchmark, agriculture is transcending to agribusiness.
AGRIBUSINESS India's transition from third largest agrarian economy to that of world's food factory would entail huge
IN INDIA investments.
The commercialization of agriculture into agribusiness is supported by both the fast growing domestic
market and the increasing acceptability of Indian food products in the international market. While the total
agricultural & food products exports has increased to ~US $ 10 billion in the financial year 2007-08, the
domestic demand for food products is estimated to be US $ 191 billion which is growing at about 7.8% per
annum. The paradigm change in food consumption driven by the surging per capita income, demographic
and lifestyle shifts, increasing brand consciousness and low per capita consumption of processed foods
present a sustainable investment opportunity.
Besides capital, realizing India's potential in agribusiness would require an in-depth understanding of the
international farming practices, technologies, application of food safety norms, global market linkages
coupled with the thorough appreciation of indigenous knowledge and practices. Rabobank Group is
uniquely positioned as not only a provider of capital, but with its knowledge based approach to agribusiness
and with a successful presence in India for a decade, to enable the Indian agribusiness companies fully
realize their inherent potential.
AGRICULTURE TRANSFORMING TO AGRIBUSINESS
Land & labour Food retail
Farm Trade & Processing Wholesale
Production Distribution & trade Consumers
Farm inputs Food service
THE INDIA India Agri Business Fund Ltd, a Fund with a Committed Capital of US $ 100 million (+ green shoe of US $ 20
AGRI BUSINESS million) is the first private equity fund focused on the Indian food and agribusiness sector. Conceptualized
FUND and sponsored by Rabobank with a 25% share of committed capital, it has been invested in its first closing
by the IFC, FMO and DEG as its 3 Lead investors (each with a US $ 20 million commitment), collectively
imparting AAA character to the Fund. The Second Closing of the Fund is due within 12 months of the First
The Fund is an extended commitment of Rabobank and the three Lead investors to Indian food and
agribusiness sector and is their first such fund in an emerging market. The Fund will focus on the fastest
growing sub sectors in the Food & Agribusiness space.
The Fund has been incorporated as a limited liability company in Mauritius. It is registered as Global
Business License Category I with Financial Services Commission, Mauritius. Rabo Equity Management
Company Limited will be the Manager to the Fund and Rabo Equity Advisors Private Limited will be the
The Board of Directors of the Fund will have an Advisory Committee to consider all policy issues and will
have nominees of the Sponsor as well as Lead/Strategic Investors.
SPONSOR & Rabobank is a Dutch bank with a special focus on Food & Agribusiness worldwide. Rabobank has over 9
LEAD million customers in 39 countries; with assets of over US $ 700 billion globally. Rabobank is among the
INVESTORS fifteen largest financial institutions in the world in terms of Tier I capital & is the world's only AAA-rated (S&P,
Moody's) financial institution in the private sector, having held that rating since 1984.
IFC a member of the World Bank Group, fosters sustainable economic growth in developing countries by
financing private sector investment, mobilizing private capital in local and international financial markets,
and providing advisory and risk mitigation services to businesses and governments.
FMO is a Dutch entrepreneurial development bank with a large investment portfolio making it one of the
largest bilateral development banks worldwide. FMO's mission is to stimulate sustainable economic growth
and optimize development impact in emerging markets.
DEG member of the KfW banking group (100% owned by Govt. of Germany), has been financing and
structuring the investments of private enterprises in developing and transition countries for more than 40
years. DEG is one of the largest European development finance institutions for the promotion of the private
INVESTMENT Focus Sectors: All sub-sectors of food and agribusiness and agri-infrastructure
Stages for Investment: Expansion, growth, buy-out/in, mezzanine, PIPE
Investment size: Minimum: US $ 3 million and Maximum: US $10 million
Role sought: Significant minority; active role on Board of Directors
Compliances: Environmental & Social Guidelines; Local Laws and Regulations
Investment route: Foreign Direct Investment (FDI)
SECTOR Fund can invest in all sub sectors related to Food & Agribusiness and Agri Infrastructure, for example
Food & Agribusiness:
Seeds, Food grains, Oil seeds & edible oil, Non-alcoholic beverages, Alcoholic beverage (limited to beer),
Dairy & dairy products, Poultry, Fruits and vegetables (fresh & processed), Processed foods, Food
ingredients, Confectionary, Fishery & seafood, etc.
Post harvest infrastructure, Warehousing, Food parks and agri-export zones, Cold storages and cold chain
logistics, Terminal markets, etc.
Rabo Equity Advisors Private Limited
INVESTMENT Sachin Sharma : +91 9717594778
ADVISOR Satish Kumar : +91 9717594777