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SEAF India Agribusiness Fund II (SEBI Reg. IN/AIF2/15-16/0156) is a Category II Alternative Investment Fund managed by SEAF India Investment Advisors Private Limited, the Indian investment management entity established by SEAF (Small Enterprise Assistance Funds) — a Washington DC-headquartered global impact private equity group founded in 1989 and operating across 33+ countries with over $1 billion in aggregate committed capital. SEAF's India agribusiness strategy launched with the SEAF India Agribusiness International Fund (SIAIF) in 2010, structured as a Mauritius-domiciled offshore vehicle managed by SEAF Investment Management Company (SIMC). The domestic onshore vehicle — managed by SEAF India Investment Advisors Private Limited and structured as a scheme of the SEAF India Investment Trust (trustee: IL&FS Trust Company Limited) — is registered with SEBI. The fund targets promising SMEs across 33+ identified sub-sectors of India's agribusiness value chain, including animal nutrition, seeds/agri-biotech, specialty foods, spice processing, dairy, and fast food. Portfolio companies have included Abhay Cotex (animal nutrition, expanded to Tanzania), Himadri Foods (spices), and Guha Roy Food Joints. SEAF India was also raising a larger $150 million third agribusiness-focused fund as of 2015. The SEBI-registered address for the fund's domestic operations is at Dindoshi, Malad East, Mumbai — consistent with a local operations office.
SEAF's investment philosophy is built on an ESG+ approach to impact investing in emerging markets, recognising that impact and financial returns are complementary rather than competing objectives. In India's agribusiness sector, the strategy targets SMEs in the food and agribusiness value chain that can achieve both high growth and meaningful community impact — improving agricultural productivity, creating rural employment, enabling market access for farmers, and driving food security. SEAF uses structured equity investments with integrated management assistance, leveraging its global network of 20+ regional offices to help Indian portfolio companies reach international markets. The agribusiness fund specifically focuses on value chain segments with opportunities for technology adoption, waste reduction, productivity gains, and premiumisation.
Hemendra Mathur
Managing Director, SEAF India
Hemendra Mathur served as Managing Director of SEAF India Investment Advisors, the investment manager for the SEAF India Agribusiness Fund. He was the key quoted spokesperson and fund manager for the India agribusiness strategy, including press coverage in VCCircle and Agri Investor. He has since moved on and is now known in the Indian agri-VC ecosystem as a venture partner and agri-tech investor.
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