Omnivore Partners buys stake in India's Arohan Foods

"We have seen the success of firms like Venky's and Suguna and we are positive that Arohan Foods will grow into a multi-crore business," Mark Kahn, co-founder of Omnivore Partners, told LiveMint.

Omnivore Partners invests in early stage agricultural technology companies in India which have less than INR250 million ($4.6 million) in sales.

Arohan Foods plans to launch their products in other parts of India, Nepal, Myanmar and Bhutan. The firm will expand current capacity and build a new factory with a state-of-the-art slaughterhouse and pork-processing facility.

There has been a number of significant investments in fresh food producers by private equity looking to tap into Asia's growing food demands. 

Affinity Equity Partners acquired Tegal Foods, New Zealand's largest poultry producer, from Pacific Equity Partners in 2011, and bought deli meats business Primo Smallgoods from its family owners the following year.

More recently, TPG Capital overcame several rival private equity and strategic bidders to acquire Australian poultry firm Inghams Enterprises. The deal valued Inghams at A$1 billion ($1 billion).

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• Topics
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• South Asia
• India
• Consumer
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• Agriculture