News Corp VCCircle Food & Agri Investment Summit 2017

  • Introduction
  • Agenda
  • Speakers
  • Venue
  • Sponsors
  • Partners
  • Registration

News Corp VCCircle Food & Agri Investment Summit 2017
Food & Agri Investments: A hard nut to crack?

The food and agriculture sector has remained largely on the periphery of the startup space and private investment activity in India despite the sector supporting close to 60% of the population. In the past three years, most entrepreneurial activity and investment has remained focused on consumer-facing food startups and not necessarily farm ventures, which, indeed, are in the dire need of disruption, innovation and committed investments.

While digitization, big data analytics and artificial intelligence are being heavily used in the farm sector in countries such as Israel, China and the US, India has yet to warm up to these ideas.

Over the years, a disproportionate amount of private capital has flowed into food tech ventures such as FreshMenu and Faasos. These ventures, however, were more about tech than food. Also, because of the mushrooming of ‘me-too’ startups in the segment and lack of imaginative ideas, there aren't too many success stories to write home about. In the past 15 months, a lot of funded startups, such as TinyOwl and Eatonomist, shut shop or pivoted because of the absence of a sustainable business model. Even those that have survived, such as Zomato and Swiggy, are far from turning in any profits in the near future.

On the farm front, most entrepreneurial activity and investment has been focused on seed-tech initiatives or in areas such as organic farming, packaged foods, drinks, dairy, food processing, supply chain logistics and farm equipment. Besides these, sundry initiatives have been seen in weather forecasting and the monitoring of soil and farm yields.

It’s only a handful of investors, such as Proterra, Mandala Capital, Pioneering Ventures, Rabo Equity, CX Partners, impact funds like SEAF, Aavishkar; Ankur Capital, Menterra and venture agritech funds like Omnivore Capital, with few exceptions such as Blackstone investing in Nuziveedu Seeds that have taken bets on the sector.
The entrepreneurial and investing community concedes that there is immense scope for disruption in efforts to augment farm yields and to surmount the disparate challenges in the journey from farm to the fork.

Likewise, rising disposable incomes and changing consumer tastes as well as awareness with regards to the quality of food products is throwing a lot of opportunities for entrepreneurs, and hence, investors, too, in consumer-facing retail food business.

What is, then, holding investors and entrepreneurs back? Why is everybody aiming for the lowest-hanging fruit? Why, even with that, success is hard to come by? What went wrong with food ecommerce enterprises? What could the government do to inspire more private participation in the sector?

To debate these issues and more, News Corp VCCircle is hosting the 9th edition of the Food and Agriculture Investment Summit in Mumbai in October. The summit will feature leading food entrepreneurs, PE and VC investors, agricultural experts, consultants and food and beverage innovators.

9.00AM – 10.00AM
Registration & networking

10.00AM – 10.10AM
Opening address by Jaideep Mehta, CEO, NewsCorp VCCircle

10.10AM -10.40AM
Chief Guest address by
Nara Lokesh - Minister for IT, Electronics & Communication, Panchayat Raj and Rural Development, Government of Andhra Pradesh

10.40AM – 11.25AM
Panel 1 - Overview of Agri & Food Investments 2017: Is enough capital available for disruption?
After hitting a five-year low in terms of the PE Investment which came in last year, investors remain hopeful to see startups bringing in the scalable ideas from their farm to the table. Private sector investment was on the increase when global and domestic prices of agri-products were on the rise. But now with falling commodity prices, even this is slowing down. With a market size of $260 billion posing as an opportunity, fragmented land resources, large number of small farmer makes accessibility to capital as a challenge. In a largely agrarian economy like India, why aren’t investors interested in becoming a part of the next potential green revolution?

Pablo Erat - Partner, Pioneering Ventures AG
S Venkatraman - Partner, Rabo Equity Advisors Pvt. Ltd.
Ramesh Ramachandran - Senior Vice President - Strategy and Precision Farming, Mahindra & Mahindra
Vipul Mankad - MD, SEAF India Investment Advisors
Manish Mehta - Managing Director, Samara Capital
Ritu Verma - Co-founder & Managing Partner, Ankur Capital (Moderator)

11.25AM – 11.40AM
Networking Break

11.40AM - 12.25PM
Panel 2 - New Frontiers in Food Investments
As investors move on from the food tech and the traditional agribusiness, they see high potential in newer avenues like online milk delivery, food processing and organic farming, all three being a different ball game altogether. Doodhwala and Milk Basket which promise to deliver fresh milk from the farm within 12 hours of placing the order have grabbed the attention of investors as they compete with milk veterans like Mother Dairy and Amul.  Due to higher profit margins compared to non-organic food items, organic farming promises high market potential as it is expected to grow into a $2billion market by 2020. The food processing industry with contributes to 14% of India’s GDP alone has now been allowed 100% FDI which looks to attract investment with the growing consumer spending on food and exports.

Vivek Nirmal – MD & CEO, Prabhat Dairy Ltd.
Srikumar Misra – Founder, MD & CEO, Milkmantra
Bikram Mahajan – Director - Neev Fund, SBICAP Ventures Limited
Sameer Varma – Founding Member, Tuscan Ventures Pvt. Ltd
Sumer Juneja – Director, Norwest Venture Partners (Moderator)

12.25PM – 1.10PM
Panel 3 - Farming as a Service (FAAS)
Disrupting the age old ownership mode, providing technology based services to 85% of the Indian farmers who own less than five acres of land by way of the paper-use model is drawing a lot of interest from the industry. Big wigs such Mahindra & Mahindra, TAFE and John Deere have already started experimenting with a pay-per-use model for their farming equipment including tractors. Will this new service intervention at farming level bring in newer avenues for business? How will it empower farmers with smaller holdings to access best in class technology to improve productivity? Will FAAS be the next big idea in agri services space?

Abhilash Thirupathi – Co-founder, Goldfarm    
Alekh Sanghera – Co-founder, farMart
Atindriya Bose – CEO, Trringo
Kushal Agarwal – Partner, Aspada Investment Advisors (Moderator)

1.10PM – 2.00PM
Networking Lunch

2.00PM – 2.45PM
Panel 4 - Agri – Tech Innovations: Role of IoT, Big Data & Analytics in bridging the gaps
Emerging agri-tech innovations in big data, IoT, satellite imagery, sensor technology has the potential to add value starting from selecting the right agriculture inputs, monitoring the soil used, market price tracking, weather forecasting and controlling irrigation. Using satellite imagery and remote analysis farmers can increase their productivity and drop their input cost dramatically. Startups such as Cropin and Satsure are using data analytics to integrate satellite, weather and IoT to study the parameters governing crop growth and soil health. What are the latest trends in this space and how is technology being embraced by the agri community?

Jinesh Shah – Founding Partner, Omnivore Partners
Amardeep Sibia – CEO, SatSure Ltd
Krishna Kumar – Founder & CEO, CropIn Technology Solutions Pvt Ltd.    
Ranjith Mukundan – Co-founder & CEO, Stellapps Technologies Pvt. Ltd
Hemendra Mathur – Venture Partner, Bharat Innovations Fund (Moderator)

2.45PM – 3.30PM
Panel 5: Seamless & Efficient Logistics: The game changer
The supply chain associated with the food sector is going through rapid transformation as there is huge potential in the agriculture input retail as well as output retail at the consumer’s end. We have Agrostar, India Post resolving the agri input retail for the farmers and you have Crofarm, Ninjakart kind of companies building supply chain-based retail models, resolving the other end of supply chain issues. Also, with GST coming in, the sector looks to overcome previous inefficiencies has a huge growth potential. Hence, private investments in the sector have also seen an uptick with Loadshare, Rivigo kind of startups raising big rounds of funding, and are in news for even bigger rounds expected. With a tax friendly environment, will we see some big-ticket investments coming in the fragmented food logistics sector? What does this mean for food and agriculture startups relying heavily on efficient logistics ecosystem?

Rajat Gupta – Founder CEO, Tessol
Thirukumaran Nagarajan – Co-founder & CEO, Ninjacart
Rajinder Balaraman – VP, Matrix Partners
Karthik Jayaraman – Founding team member, WayCool Foods and Products Pvt Ltd
Sonal Shah – Executive Director, SMC Capitals Ltd (Moderator)

3.30PM – 3.45PM
Networking break

3.45PM – 4.15PM
Showcase Session
We bring our Showcase session, a curated platform that brings a set of handpicked innovative food & agri startups to make an elevator pitch to select jury of angel investors, houseful of VCs & fellow entrepreneurs. This is also an opportunity to early stage, pre-revenue, startups as well to grab investor attention. Click here to apply for showcase.

Jury:
Jinesh Shah – Founding Partner, Omnivore Partners
Rajinder Balaraman – VP, Matrix Partners
Srini Vudayagiri – Partner, Peepul Capital

4.15PM – 5.00PM
Panel 6 - Building indigenous food brands: What goes in?
Home-grown brands such as Bira, Epigamia, Vahdam Teas are competing against established foreign brands which enjoy a heavy market share but within a short period of time have found their footing in an otherwise largely monopolistic market. Is their focus on product differentiation making them look like an attractive investment? What goes into building an indigenous brand?

Anuj Rakyan – MD, Raw Pressery
Siddarth Menon – CMO, Drums Food International
Vivek Abrol – CEO, Maiyas Beverages and Foods Private Limited
Saurabh Bajaj – Senior Principal Associate, Proterra Investment Partners
Srini Vudayagiri – Partner, Peepul Capital (Moderator)

Nara Lokesh Nara Lokesh Minister for IT, Electronics & Communication, Panchayat Raj and Rural Development, Government of Andhra Pradesh
 
Vipul Mankad Vipul Mankad Managing Director, SEAF India Investment Advisor | @SEAFGlobal
 
Pablo Erat Pablo Erat Partner, Pioneering Ventures AG
 
Ritu Verma Ritu Verma Co-founder & Managing Partner, Ankur Capital | @ankurcapital
 
Jinesh Shah Jinesh Shah Founding Partner, Omnivore Partners | @OmnivoreFund
 
Kushal Agarwal Kushal Agarwal Partner, Aspada Investment Advisors
 
S. Venkatraman S. Venkatraman Partner, Rabo Equity Advisors Pvt. Ltd.
 
Bikram Mahajan Bikram Mahajan Director - Neev Fund, SBICAP Ventures Limited
 
Hemendra Mathur Hemendra Mathur Venture Partner, Bharat Innovations Fund | @bharat_fund
 
Ramesh Ramachandran Ramesh Ramachandran Senior Vice President - Strategy and Precision Farming, Mahindra & Mahindra
 
Anuj Rakyan Anuj Rakyan MD, Raw Pressery | @RawPressery
 
Sumer Juneja Sumer Juneja Director, Norwest Venture Partners | @NorwestVP
 
Vivek Nirmal Vivek Nirmal MD & CEO, Prabhat Dairy Ltd. | @Prabhat_Dairy
 
Rajat Gupta Rajat Gupta Founder CEO, Tessol | @indiancoldchain
 
Krishna Kumar Krishna Kumar Founder & CEO, CropIn Technology Solutions Pvt Ltd. | @CropInTech
 
Amardeep Sibia Amardeep Sibia CEO, SatSure Ltd | @sat_sure
 
Abhilash Thirupathy Abhilash Thirupathy Co-founder, Goldfarm
 
Thirukumaran Nagarajan Thirukumaran Nagarajan Co-founder & CEO, Ninjacart | @ninjacart
 
Ranjith Mukundan Ranjith Mukundan Co-founder & CEO, Stellapps Technologies Pvt. Ltd | @stellapps
 
Alekh Sanghera Alekh Sanghera Co-founder, farMart | @farMart_
 
Srini Vudayagiri Srini Vudayagiri Partner, Peepul Capita​l​
 
Saurabh Bajaj Saurabh Bajaj Senior Principal Associate, Proterra Investment Partners
 
Siddarth Menon Siddarth Menon CMO, Drums Food International
 
Rajinder Balaraman Rajinder Balaraman Vice President, Matrix Partners | @matrixindiavc
 
Sonal Shah Sonal Shah Executive Director , SMC Capitals Ltd
 
Srikumar Misra Srikumar Misra Founder, MD & CEO, Milk Mantra | @Milk_Mantra
 
Manish Mehta Manish Mehta Managing Director, Samara Capital
 
Vivek Abrol Vivek Abrol CEO, Maiyas Beverages and Foods Private Limited | @MaiyasFoods
 
Karthik Jayaraman Karthik Jayaraman Founding team member, WayCool Foods and Products Pvt Ltd
 
Sameer Varma Sameer Varma Founding Member, Tuscan Ventures Pvt. Ltd
 
Atindriya Bose Atindriya Bose CEO, Trringo
 

Date: October 27, 2017
Venue: Four Seasons Hotel Mumbai


Intralinks

Intralinks provides a leading secure enterprise collaboration and corporate file sharing solution that is trusted by 99% of the Fortune 1000. Intralinks simplifies cross enterprise document sharing by enabling users to easily share documents with anyone, anywhere while maintaining complete control over who can view, edit, print and download. Intralinks’ business file sharing tools even let users unshare documents after they have been downloaded to a remote device or personal computer. Intralinks offers a virtual data room solution that makes due diligence and post merger integration easier by allowing organizations, partners, counterparties and regulators to share and access documents quickly and efficiently without worrying about leaks or hacks. Intralinks’ deal management software accelerates the deal lifecycle by simplifying deal sourcing and marketing. And Intralinks’ document rights management so
....More

SMC Capitals Limited

SMC CAPITALS LIMITED

SMC Capitals Limited is the Investment Banking arm of the SMC group and is a SEBI registered Merchant Banker with a strong management team; financial sponsors and partners to assist clients achieve their financial and strategic goals.

It offers a wide spectrum of services including Mergers & Acquisitions Advisory, Corporate Advisory, Private Equity advisory, Debt fund raising, Management of IPOs, Rights offers, Open Offers and Delisting, Loans against Equity Shares, Business and ESOP Valuation Services.

As one of the premier investment banks, it serves the needs of clients by offering a world-class platform leveraging the team’s experience of working across Indian and international corporates, business houses, multilaterals and Governments. SMC Capitals attributes its success to company’s commitment of always putting client’s interests first. It has a strong team of professionals with proven tr
....More

Maiyas Beverages and Foods Pvt. Ltd.

Founded in 2012, Maiyas is a leading South Indian packaged Food and Beverages company which straddles across six food categories namely Spices, Savories, Sweets, Instant Mixes, Beverages, Ready to eat and Frozen foods. With strong footprints in Karnataka, Maiyas is rapidly building higher consumer base in other four Southern states & Western geographies of the country. Furthermore, Maiyas also has presence in 12 countries across the world.

Company has (ISO 22000 certified) a state-of-the-art manufacturing facility located in Bangalore which produces Maiyas product portfolio with best in class quality standards.

Maiyas is recognized as one of the fastest growing consumer brand & has attained a fair consumer base in certain geographies within a short period. Its ongoing engagement with the consumers in understanding needs with changing times has facilitated in development of relevant product innovations which offers convenience & delivers same authentic
....More

CIIE Outreach Partner
CIIE

IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) helps develop new markets by incubating new market-making initiatives and ventures. It is a unique partnership between the government, academia and the private sector. CIIE backs innovative ventures across technology and impact areas such as energy, environment, agriculture, healthcare and affordable technologies – providing policy insights, market access, capital and operating support. CIIE manages venture funds, incubators and accelerators across sectors in India.

IndiaAgroNet.Com Outreach Partner
 IndiaAgroNet.Com

www.IndiaAgroNet.Com is India’s first & popular online Agriculture portal.  From last 16 years our constant endeavor is to provide the real time information edge to farmers and agriculture professionals to make agriculture sector profitable, clean and sustainable.

Established in 1999 we provide:
• Latest agriculture news to support correct farming decisions,
• Agriculture classifieds to facilitate trade between Agriculture buyers and sellers,
• Agriculture jobs alerts to fulfill the talent gaps in Agriculture sector.
• Crop cultivation guides for better yield and minimize crop losses
• Farm machinery updates, Ag Tech articles & analysis to improve ease of farming.
• Agriculture Newsletters to provide competitive insights & edge to our subscribers,
• Niche online marketing communication channel
....More

Standard Fees:
INR 12,000 + 18% GST per attendee

There are two ways to register:
1) Online registration: Click Here
2) Offline registration through cheque/DD
Download offline registration form: Click Here

Cheque/DD to be made in favor of:
"Mosaic Media Ventures Pvt Ltd" payable in New Delhi to:
Mosaic Media Ventures Pvt. Ltd.
A-83, Ground Floor, Sector -2, Noida - 201301
Ph : +91 120-4171111

Please attach a note with details of the cheque.
Name of the delegate(s), Organization, Designation, Address, Contact No., E-mail ID

You can also directly deposit cash, submit cheque or transfer online to our HSBC Bank a/c:
Account name: Mosaic Media Ventures Pvt. Ltd.
Account no: 499324051001
Branch Name: Noida Sector 18
IFSC Code: HSBC0110007

For Any Queries:
Write to register@vccircle.com
*The registration fee does not include any travel, accommodations or other costs incurred by attendees.

Cancellation Policy:
There is no cash refund in case you cancel the registration from your end. We will issue a credit note for an equivalent amount which you can adjust/utilise against any of our future events (under the validity period) if the registration is cancelled at least 3 days before the event, post which NO credit note will be issued. Please talk to Sandeep / Krishna for further details.

If the event is cancelled from our end due to any circumstances, we will refund the registration amount.

Substitution Policy:
Substitutions within a company are permitted through the conference date. Shared registrations are not permitted under any circumstances.