Sathguru Management Consultants, a consulting firm has announced that it is looking to raise $100 million to create an Innovation in Food and Agriculture Fund. This Fund will work with companies who can provide technological approaches to agriculture, food and nutrition in India.
Looking To Techno-Commercial Expertise
Sathguru Management Consultants hopes to raise $100 million and will invest around $8 million in upto 12 companies. The consulting agency will be looking at investing in companies who can use technology to improve food, nutritional and agriculture practices in India.
“We are focussing on established businesses that have already created channel partners and developed product on a commercial level,” said Venu Gopal Chinada, a Partner at Sathguru Cataluser Analysts. “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 start-up. However, we are not necessarily talking about start-ups because innovation takes place in mid and large-size companies as well,” he added.
Once the organisation raises the funding, the fund will be managed by Sathguru Catalyser Advisors