SEAF India Agribusiness Fund closed fundraising at over $40M, aims 3 more deals by year end | VCCircle
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SEAF India Agribusiness Fund closed fundraising at over $40M, aims 3 more deals by year end 

BY  Diksha Dutta
The fund, which targets small-sized deals of up to $5 million, will be deploying half of its total corpus by the end of this year.

Small Enterprise Assisted Fund (SEAF), an emerging markets-focused investment firm targeting SMEs, closed fund raising for its maiden India focused fund SEAF India Agribusiness Fund at Rs 230 crore last year ($38.6 million by current forex rates and around $42 million based on rates last year), a senior executive of the firm told VCCircle.

The firm had earlier made a first close for the fund at around $33 million (around Rs 155 crore then) three years ago. It was originally targeting to have a total corpus of around $75 million (around Rs 375 crore back then).

Hemendra Mathur,...

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