Published By : 20 Oct 2015 | Published By : QYRESEARCH
India Value Fund Advisors (IVFA), a private equity company, has announced that it will invest around US$100mn to US$150 mn in the food business in India over the period of next two years, stated one of the top executives of the company.
Mr. Haresh Chawla, a partner in IVFA stated that the food market is expected to draw immense growth and emerge as one of the highest grossing sectors in the country over the forthcoming 20 years. The rise in disposable income, need for convenience, and the changing lifestyles of consumers are the main reasons, fueling the growth. Up till now, IVFA has put its money in several companies across various market such as entertainment and media, logistics, healthcare, retailing and supply chain, energy, and infrastructure services.
A majority of the investments from IVFA are in the companies that follow the buy-and-build model, whereas remaining are in areas where the firm supports entrepreneurs and assist them in their efforts to expand their businesses, added Mr. Chawla.
IVFA plans to support mid-size businesses in the food market in India with a focus on the businesses of supply chain and ingredient, packaged food, and food services.
The firm, which has recently invested US$30 mn and acquired a big stake in DeGustibus Hospitality, founded by Chef Rahul Akerkar, also possesses stakes in major companies operating in food business such as Keya and VKL Seasoning.
DeGustibus Hospitality is the first ever company, functioning in food services business, which IVFA has invested in. The private equity company is now focusing on strengthening the management and improving the number of the footprint of DeGustibus Hospitality. The hospitality firm owns various brands such as Indigo, Neel, Indigo Deli, and Tote on the Turf