News Corp VCCircle
Food & Agri Investment Summit 2016
Ascertaining growth drivers for Food, Agri & Consumer businesses
Food processing, food apps services, packaged and fresh food market were cynosure of startup industry, until at least mid of 2015. The startup industry extended same bonhomie to mushrooming food chains and agricultural businesses consisting of but not limited to organic farming, packaging, dairy transferring, weather forecasting, soil analysis and related businesses. Not surprisingly, Investors also believed in business viability of these ideas. Food and agricultural are after all businesses with perpetual demand.
The net result was heavy and, as it later turned out, indiscriminate investment in the Food and Agricultural startups. While some of the investment flew to correct channels, soon the market was under deluge of “me too” inventions, competing for abundant money.
Understandably, the market required a self-correction mode, which came in latter half of 2015. With almost 146 startups receiving investment in tune of $1034 mn in 2015, the deal values even in the second half of 2016 are still to reach half mark compared to what were attained a year earlier. Factors like too many start-ups, too few original ideas, too many free dollies, too much under-pricing and too many bleeding account sheets lead to successfully strip investors off their former confidence and hopes. The investor of 2016 is a cautious, careful and calculating lot.
Industry stakeholders agree that with a vast market such as India, the scope for both entrepreneurial activity and scaling-up is huge.
So what are the factors that will drive growth in food and agri sector and bring the investor optimism back? The situation today requires startups to re-think their business and scale-up strategies before visiting investors. It is also required from VC and PE’s to realign their evaluation processes with different phase of entrepreneurial ventures.
With this purview, News Corp VCCircle is delighted to present the 8th edition of Food & Agri Investment Summit focusing on drivers for the food, agri and consumer business. The summit will feature the leading food entrepreneurs, PE & VC investors, agri experts, consultants and new age food and beverage innovators.
08:30AM - 09:45AM
09:45AM - 10:00AM
Opening Remarks: Gaurav Roy - Head-Business, VCCEdge
10:00AM - 10:15AM
Keynote Address: Investment Outlook for Food & Agri Businesses in 2016
The food and agri industry has caught the interests of investors which is manifested in a steady resurgence of investment activity. Against this backdrop, the session will discuss views of investors (PE & Strategic) and the ones seeking funds. Further, what are views of the private equity community pertaining to quality of assets, investment thesis, growth & return expectations and market challenges?
Angshuman Bhattacharya - Managing Director, Alvarez and Marsal
10:15AM - 11:05AM
Panel Discussion I: Packaged foods - Where do the Investment Opportunities Lie?
The processed food segment, presently at USD 45 billion and growing at 15%+, is opening up huge opportunities for investment across the value chain from farm to fork. Few growth drivers for this segment are increasing distribution reach of multiple categories, rising penetration of organized retail, changing urban lifestyle and increasing preference for convenient & hygienic food options. While multiple packaged food companies across sectors are seeking investment, how feasible is it to develop food brands in India and where do the opportunities lie?
Prabir Talati - Director, Actis
Srini Vudayagiri - Partner, Peepul Capital
Vinod Giri - Director - PE, IDFC Alternatives
Amit Jain - Managing Director, Blackstone Advisors India Private Ltd
Aditya Joshi - Principal, Apax Partners
Rahul Garg - Partner and Co-Head, India PE, Premji Invest
Nandini Chopra - Managing Director, Alvarez & Marsal (Moderator)
11:05AM - 11:10AM
Room Wide Discussion
11:10AM - 11:25AM
11:25AM - 12:15PM
Panel Discussion II: Scaling up Food Businesses in India – From a Promoter and a Private Equity’s Perspective
Indian Food Businesses have largely grown profitably while operating at a regional level but have faced challenges in scaling up. Competition from international & other regional players, changing consumer expectations and capital constraints are some key issues that the businesses face. Irrespective of all the headwinds, few promoters have shown phenomenal growth and have used Private Equity as a growth catalyst. Joining this panel would be successful food promoters who have professionalized their businesses and leading private equity players backing food, beverage and consumer businesses in India.
Viraj Bahl - Founder & Managing Director, Veeba Food Services Pvt. Ltd.
Nikhil Sen - Managing Director, Unibic Biscuits
Sadananda Maiya - Founder & Managing Director, Maiyas Beverages and Foods Pvt. Ltd.
A. Mahendran - Chairman & Manging Director, Global Beverages & Foods Pvt Ltd
Rakesh Sony - Director, Proterra Investment Advisors India Pvt. Ltd.
Angshuman Bhattacharya - Managing Director, Alvarez and Marsal (Moderator)
12:15PM - 12:20PM
Room Wide Discussion
12:20PM - 01:10PM
Panel Discussion III: Food Services - Maintaining Growth and Maximizing Returns
Food services industry has been witnessing a phase of subdued growth, primarily driven by waning same store sales. In this context, the session aims to discuss the views of the various stakeholders - investors, promoters and franchisees, on a host of matters such as issues driving the tepid growth, successful store formats & need for rationalization, digital marketing & returns potential, scalable back-end model (central kitchen vs procurement) and the way forward for the food services industry.
Riyaaz Amlani - CEO & Managing Director, Impresario Entertainment & Hospitality Pvt. Ltd.
Tarun Khanna - Partner, CX Partners
Lokesh Bharwani - Founder, Mad Over Donuts
Murali Parna - CEO, Sagar Ratna Restaurants Pvt. Ltd.
Bhavna Thakur -Managing Director, Capital Markets, Everstone Capital
Srishti Ojha - Founding Partner, Verist Law
Sonal Shah - Executive director, SMC Capitals Ltd. (Moderator)
01:10PM - 01:15PM
Room Wide Discussion
01:15PM - 02:00PM
02:00PM - 02:45PM
Panel Discussion IV: Investment Outlook 2016 for Agribusiness - Making Business More Investment Friendly
Over the years, agribusinesses witnessed investor interest towards businesses around various sectors such as hybrid seeds, agro-chemicals, agri-warehousing, agri-finance, agri-tech, farm equipment, organic farming and disruptive technologies including precision farming, drip irrigation, soil testing, weather apps, besides other. A lot of these businesses made sense at a certain scale and faced challenges while scaling up. How can agribusinesses be more investment ready? Will we see a larger PE play in emerging businesses? How are investors looking at the Agribusiness opportunities?
Jinesh Shah - Founding Partner, Omnivore Partners
Manish Mehta - Managing Director, Samara Capital
Mragank Jain - Director, Standard Chartered Private Equity
Michael Andrade - Head Agri Finance, HDFC Bank
Raj Ganguly - Senior Agribusiness Specialist - Food and Agriculture Global Practice, World Bank Group
Rajesh Srivastava - Chairman & Managing Director, Rabo Equity Advisors Pvt. Ltd. (Moderator)
02:45PM - 2:50PM
Room Wide Discussion
02:50PM - 03:15PM
Q&A Session: Cold Chain Development- How the Food and Agri-value chain is Evolving
India, for decades has been a country with a complex retail environment. With the absence of cold infrastructure, firms have always developed their business models towards ambient long shelf life products. However, trends such as chiller and freezer viability, retail refrigeration and an overall upgradation in product quality has led to successful adoption of cold chain- how would this alter the future thinking around inbound and outbound distribution?
Mangesh Pathak - Partner, Ambit Pragma Ventures
Gaurav Jain - Managing Director, ColdEX
Tarun Arora - Director Finance & Operations - IG International Pvt. Ltd.
Prasad.P - Group Executive Vice President, Food and Agribusiness Strategic Advisory and Research - YES Bank (Moderator)
03:15PM - 03:30PM
03:30PM - 04:15PM
Panel Discussion V: Path Breaking New Age Companies Pitted Against the Traditional Incumbents
Some new age companies are pitting against the already existing food giants and making it big. How did they manage the break-in? What worked in favor and going forward, what are some learnings that an entreprenuers should be watchful about.
Rohan Mirchandani - Co-founder, Drums Food International Pvt. Ltd.
Anuj Rakyan - Managing Director, Raw Pressery
Jasmine Kaur - CEO, The Green Snack Co.
Prashant Parameswaran - Managing Director, Kottaram Agro Foods Pvt Ltd
Kingshuk Basu - CEO, Conscious Food Pvt. Ltd.
Abhay Pandey - Managing Director, Sequoia Capital (Moderator)
04:15PM - 04:20PM
Room Wide Discussion
04:20PM - 04:55PM
Panel Discussion VI: Evolution of the Food Space & Emerging Opportunities - VC's Lens
Abhishek Sharman - Founder & Managing Director, Carpediem Capital Partners
Sumer Juneja - Director, Norwest Venture Partners
Sarath Naru - Managing Partner, Ventureast
Hemendra Mathur - Venture Capital Investor (Moderator)
04:55PM - 05:00PM
Room Wide Discussion
05:00PM - 05:15PM
Special Address: Key Challenges in Agri Value Chain
Krishanu Chakravarty - CEO, Farmers Fortune India Pvt. Ltd.
This session will provide more networking time with entrepreneurs and investors over cocktails.
Date : 25th October
Address : Taj Lands End, Mumbai
Byramji Jeejeebhoy Road, Band Stand, Bandra West,
Mumbai, Maharashtra 400050
Alvarez & Marsal (A&M) is a global professional services firm specializing in turnaround and interim management, performance improvement and business advisory services. A&M delivers specialist operational, consulting and industry expertise to management and investors seeking to accelerate performance, overcome challenges and maximize value across the corporate and investment lifecycles. Founded in 1983, the firm is known for its distinctive restructuring heritage, hands-on approach and relentless focus on execution and results.
A founder of the modern day restructuring industry, Alvarez & Marsal has been honored numerous times by the Turnaround Management Association and has been recognized as one of the Best Firms to Work For by Consulting magazine.
About Alvarez & Marsal's Private Equity Services Operations Group
Alvarez & Marsal has led the way in working with investors and their portfolio companies to provide end-to-end serv
Verist Law was established in 2014 and has offices in Mumbai and Bangalore. The practice areas of Verist Law include corporate governance and compliance, debt and equity capital markets, general corporate, M&A and structured finance.
Verist Law has been advising on transactions across several sectors particularly food, warehousing and logistics, manufacturing, tech, telecom, and real estate.
IDFC Alternatives is a 100% subsidiary of IDFC Limited, and is the alternative asset management vertical within the group. Established in 2002, IDFC Alternatives Limited is one of the largest multi-asset class fund managers in India with a total corpus of over INR 16,300 crore (USD 3.4 billion) across three key asset classes: Private Equity, Infrastructure and Real Estate. With over a decade of investing experience in India across multiple sectors and changing business cycles, IDFC Alternatives has a track record of delivering meaningful returns to its investors comprising leading global and domestic financial institutions.
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
IG is one of the leading fresh produce importer/exporter company dedicated to provide high quality produce to consumers. With over 50 years of experience grown into a group of 14 companies committed towards supplying the demand of high quality fresh produce. Imports of fresh produce is the core activity. Promoter and Chairman Mr. Gian Chand Arora first imported fruits in containers from Australia in 2000. Since then, IGIPL has started investing in infrastructure and has become a leader in the Imported Fresh Fruit Industry and are now handling volumes to the tune of 2000 - 40 feet refrigerated containers from over 22 countries across the globe. IGIPL also manages the distribution of the goods through its 28 wholesale outlets across India.
With over 5 decades of experience in the industry, IGIPL has become a leading marketer and distributor of nutritious, high-quality fresh fruits across India and brand IG is trusted symbol of product quality, freshness and reliability. Turn
Tefla’s - the market leader in dissemination of knowledge through Industry Specific Forums is the creator & promoter of Industry Forums like Globoil India & Globoil International, Global Grain Food & Feed ( G2F2 ), The Sugar Summit, Portlore, International Pulses Forum, World Rubber Congress, Commodity Equity Outlook Weekend ( CEO Weekend ),Global Gold Forum,Think CSR, & Alcobev etc. In order to strengthen its market dominance, Tefla’s forthcoming projects have been planned to include industries like Steel, Metal, Crude Oil, Energy & Finance as well as Infrastructure Sector. THINK FOUNDATION is a Social initiative by Tefla’s set up with the objectives to act as an information and campaign centre for good corporate governance.
StarAgri Finance, a wholly owned subsidiary of Star Agriwarehousing and Collateral Management Limited, is a trusted financial partner to rural India, providing integrated credit services and customized financing solutions for diverse agri-asset and collateral needs. With easy, transparent and affordable access to credit, we enable small and large Indian farmers, farmer groups, agri- and allied businesses to access finance for their agri-business needs.
StarAgri Finance’s vision is to be a trusted financial partner for India’s agri-community, supporting them across their financial needs and enabling their economic empowerment to create better lives.
Our core values are:
4. Value Focus
5. Customer Excellence
We have emerged as a trusted financial partner in rural India by providing credit and other financial solutions to agri-assets and collateral needs. StarAgri Finance is
Commodity Online specializes in news, outlook, intelligence and data analysis on Commodities including Agriculture, Metals and Energy. With a team of 180 staff spread across India backed up with 8 years of experience in the industry, Commodity Online, led by a team of technology enabled former journalists, focuses on research using technology. The big break this year will be using Artificial Intelligence to predict commodities outlook, something that will be new to India.
Agriwatch (Indian Agribusiness Systems Private Limited) is a market information services and consulting organization specializing in market surveys and tracking of commodities in India. The company was started in year 2000 by a group of young technocrats and trade professionals having a long association with the Indian Agribusiness Sector.
The agribusiness sector is characterized by multi layered channels on the Agricultural Input and Output side, poor quality of information and analysis about Demand, Supply, Prices, Market Trends for various agricultural commodities. The promoters of this organization, coming from an Agricultural background felt the need to address these anomalies in this sector and therefore have come together to create a professional team and an organization to deliver value to the participants at all the levels in this sector.
Agriwatch has arguably the largest database on market prices and arrivals data in the private sector collected
AgricultureInformation.com connects, buyers, sellers and experts in Indian agriculture.
This online platform has been in existence for more than 15 years. We have more than 200,000 members using this resource. There are currently 100+ suppliers/vendors selling agriculture related products and services in the online store
The information on this website is available in print version in English, Tamil and Kannada. We also run a mobile service that enables access to this website via a phone call.
The portal is administered by the Vadamalai Media Group of Bangalore, India.
Agriculture & Industry Survey, the flagship publication of the Vadamalai Media Group is now reaching 25 years of successful publishing.
Our readers form the cream of the agrisector in terms of purchasing power and ability to influence the market trend. The magazine is targeted towards each and every one engaged in agricultu
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
To inspire Indian farmers to shift from mere agriculture to agri-business, and to connect them with food processing segment, monthly AgriBusiness & Food Industry was started in 2003 by Media Today Group. It is India`s only magazine having maximum presence in National & International Exhibitions.
This monthly journal has been providing ‘Business Oriented’ information on Horticulture, Food Processing & Agro Food Exports. Regular topics cover food and processed food sector, dairy and poultry, cold chains, food packaging solutions, bakery industry, sweets/namkeens/ confectionery, food retailing, hotel industry, Agri export-import, food additives and ingredients, spices, tea, coffee, herbs, infra-structure development, post-harvest management, market analysis, country profiles and much more.
The magazine represented Indian Agro-Food exporters at International exhibitions in Singapore, U S A, Hong Kong, U A E, Moscow, South Africa, Malaysia, Ger
Indian Angel Network, India's first and largest angel network, brings together successful entrepreneurs and CEOs who share a passion to enable more early stage businesses to create scale and value. By focusing on startups, the Network addresses the current acute lack of funds available to early stage companies. The Network believes that early stage businesses require more than just money to succeed. They require close mentoring and inputs on strategy as well as execution.
Indian Angel Network currently has over 300 members drawn from across the country and some from overseas, comprising the who's who of successful Indian entrepreneurs and CEOs from diverse sectors (information on www.indianangelnetwork.com). The Network has met with early success and has already invested in 100 portfolio companies including investee and incubatee companies. IAN has become the hub for innovative ventures founded by high quality entrepreneurs seeking mentoring an
Mumbai Angels, started in 2006 is the first premium Angel network in India. The Mumbai Angels provides a unique platform to start up and very early stage companies by bringing them face to face with successful entrepreneurs, professionals and executives who are interested in and have the funds available to invest in start-up companies. Many members of Mumbai Angels have prior Silicon Valley experience. In addition to the capital of its members, the Mumbai Angels provides access to high quality mentoring, vast networks in India and abroad and inputs on strategy as well as execution.
Mumbai Angels provides its portfolio companies with a level of assistance that surpasses their highest expectations. Mumbai Angels network of relationships and their ability to leverage those relationships on behalf of their portfolio companies is unparalleled. Mumbai Angles members and their organisations have come to represent the ideal business partner for entrepreneurs who wish to start and
TradeBriefs produces 14 daily e-newsletters that go out to an opt-in audience of 1 million subscribers in corporate India. This includes over 100,000 in top management at various companies. We have the attention of these CXOs due to our content and we use that to help generate high-quality leads for businesses. We do so for IBM, Gartner, SAP, The Economist, Godrej and hundreds of other clients.
Agro & Food Processing Equipment & Technology Providers Association of India (AFTPAI) represent entire allied sectors of the food processing industry in India. Majority of members belongs to food processing & packaging machinery, suppliers, manufacturers and technology providers. It also has members from packaging material, food ingredients, cold chain, automation and other related sectors.
Our mission is to work together to create an operating environment that helps to promote members interests, and increase consumer confidence, leading to category growth through:
· Providing a platform to facilitate cross-industry co-operation
• Aligned industry wide self-regulation
• Working with legislators and regulators
• Influencing key opinion formers
Lead Angels is an alumni focused Angel Network, started by a team of three originally from IIT Bombay. The group has chapters in Mumbai, New Delhi, Bangalore, Hyderabad and Ahmedabad with more than 150 members across India. The network of investors usually invests Rs. 50-100 lakhs in early stage companies as a group.
Set up under the aegis of IIM Ahmedabad, Centre for Innovation Incubation and Entrepreneurship (CIIE) helps entrepreneurs turn ideas into viable businesses. In partnership with mentors, corporates, development agencies, IIMA community and investors, CIIE nurtures entrepreneurs by incubating, accelerating, mentoring and funding innovative start-ups. CIIE believes that entrepreneurship has an unmatched ability to bring about disruptive change in India and engages with ventures across technology and impact areas like energy, environment, agriculture, healthcare and affordable technology. www.ciie.co
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