Investing in Climate-Resilient Food Systems Across South & Southeast Asia
Mandala Capital partners with scalable businesses that strengthen food systems, improve productivity, enhance supply chain efficiency, and increase resilience to climate-related disruptions.
The Current Market Challenges
Food systems across South and Southeast Asia face unprecedented pressures
- Food systems under pressure
Climate volatility, rapid population growth, and structurally inefficient supply chains are placing pressure on how food is produced, processed, and distributed across the region.
- Smallholder vulnerabilities
The market is dominated by over 200 million smallholder farmers, with a largely unorganized distribution landscape.
- Fragmented value chains
The market is characterized by fragmented supply chains, low levels of mechanization, limited technology adoption, and significant under-investment across the value chain.
- Financing gaps
Traditional capital has largely avoided agri-food and climate adaptation. The gap between where investment is needed and where it flows is widening.
Mandala Capital Investment Thesis
We back scalable businesses that are critical to strengthening food systems, improving productivity, enhancing supply chain efficiency, and increasing resilience to climate-related disruptions.
Mandala partners closely with management teams to build market-leading businesses, combining operational value creation with disciplined capital deployment.
Our objective is to deliver strong financial returns while generating measurable climate adaptation impact.
Mandala Capital has successfully raised and deployed 2 funds in India across the food and agriculture value chain.
Fund III Investment Strategy
Mandala Capital is currently fundraising for its third fund focused in South and Southeast Asia. This will be a blended finance fund comprising a Private Equity component and Technical Assistance Facility component.
Private Equity Component
Geography
- South & Southeast Asia
- Fund III focus on India, Vietnam, Indonesia, and Philippines
Company Stage
- EBITDA: > $0.5m
- SMEs
- Unit economics with growth potential
Control Orientation
- Primarily control investments
- Minority investments can be considered
Climate Impact
- Measurable resilience outcomes
- Direct benefits to farmers/food systems
Technical Assistance Facility
Our dedicated grant-based Technical Assistance Facility helps portfolio companies build the capabilities required for sustainable, resilient, & responsible growth. It is designed to accelerate value creation beyond capital alone by supporting operational improvement, climate resilience & stronger impact delivery.
Reporting, ESG, Gender and Impact
We fund the systems, tools, and frameworks needed to strengthen ESG integration, gender inclusion, and impact measurement, helping companies improve governance, transparency, & accountability.
Research & Development for Climate Adaptation
We support R&D that enables portfolio companies to innovate in response to climate change, build resilience, and develop solutions that are fit for a rapidly evolving environmental and market context.
Ecosystem Building & Enhancement
We help strengthen the broader enabling environment around our portfolio companies by supporting partnerships, networks, and ecosystem initiatives that foster collaboration, knowledge exchange, and long-term sector development.
Ready to Partner with Us?
Get in touch to learn more about investment opportunities in Fund III