SEAF India Agribusiness Fund Invests in Fertilizer Producer Madhya Bharat Phosphate (Asia)

Source: VCCircle  |  Author(s): Madhav A Chanchani

Global fund management group Small Enterprise Assistance Funds (SEAF) has invested in India-based Madhya Bharat Phosphate, a company engaged in manufacturing single super phosphate, a cheaper soil nutrient. The transaction was structured through SEAF India Agribusiness Fund. Madhya Bharat Phosphate intends to use the capital raised for expanding its current manufacturing capacity, as well as for acquisitions in the western part of India. Financial details of the transaction were not disclosed.