Mandala Capital invests in insect protein company Nutrition Technologies
Sumitomo Corp., ING Sustainable Investments and Mandala Capital Ltd. have invested in a $20 million funding round for Singapore-based NTG Holdings pte Ltd., which trades as Nutrition Technologies, which produces animal feed from black soldier fly maggots.
The funding round was led by PTT Ventures and was also backed by existing investors Openspace Ventures Ltd., SEEDs Capital Ltd. and Hera Capital Partners Ltd. ING Corporate Finance was the adviser.
Impact Report 2022:
Investing in a carbon reduced food value chain

At Mandala, we are focused on making scalable and sustainable investments in the food and agricultural sector in India and Southeast Asia. We believe we have a critical role to play in harnessing the power of capital to not just to yield financial returns, but to also make a positive impact on the community around us, socially and environmentally.
Mandala Capital portfolio company Keventer Agro files draft papers for an IPO
The IPO consists of a fresh issue of ₹350 crore and an offer for sale of up to 10.77 million shares by Mandala Swede SPV that holds a 6.16% stake in the firm.
The company said in its DRHP that the “(OFS) includes 15.35 million compulsory convertible preference shares, which will be converted up to a maximum of 9.15 million shares prior to the filing of the red herring prospectus with the RoC, solely for the purpose of the offer”.
Mandala Capital buys controlling stake in India Cold Chain Player Gati Kausar

Mandala Capital (“Mandala”), a leading private equity firm focused on sustainable and scalable investments across the food value chain, announced today that it has acquired a controlling stake in Gati Kausar India Ltd (“Gati Kausar”) after carving out the cold chain business from Gati Ltd (“Gati”).
Mandala Capital and EFRAC featured by AVCJ

AVCJ recently published an article which highlights Mandala’s role in helping its food laboratory portfolio company EFRAC in developing its business and distinguishing itself as a leading laboratory in the region.
Impact Report 2021:
Building a Circular Impact Economy

The current food system has supported a fast-growing population and fuelled economic development and urbanisation for the last several decades; but this has come at a great cost to society and the environment and today’s model is no longer fit to meet tomorrow’s needs.
Social Impact Highlight:
Food Safety

Sustainable Development Goal #3: Good Health and Well-being.
Our physical health and mental well-being determine the quality of life we can live and influence the health and mental well-being of those we come into contact with each day. We are what we eat, and more than 1.6 billion people live in fragile settings where protracted crises and weak infrastructure hinder accessibility to food and basic health services.
Uday Garg on Global Law and Business Podcast: Episode #34

Hear Mandala Capital CEO and Managing Partner Uday Garg, with Fred Rocafort and Jonathan Bench.
Indian Renewables and the Circular Economy Paradigm

Industry-leading food and agriculture companies today are making public commitments to use renewable chemicals and biodegradable packaging, employ carbon neutral processes and produce biofuels, signaling their intention to take a more sustainable approach overall to people and the planet.
Weathering the Storm to Achieve Scalable and Sustainable Impact
The Coronavirus pandemic continues to challenge traditional assumptions about supply chains across the food and agribusiness sector. In order to balance novel health and safety considerations with changing consumption patterns – coronavirus related and otherwise – firms are reconsidering consumers, production sources and distribution channels.
Impact Report 2020:
Sustainable and Scalable Impact

Our deep specialisation in the food and agribusiness sector means we are acutely aware of the heightened importance of sustainability, especially as growing populations, changing diets and urbanisation put increasing strains on our agriculture value chains to provide feed, energy, health and food.
Perspectives on the Ag industry – Part II: How technology is driving change in the industry
This article is part of a series by Rajendra Ketkar, Mandala’s Sector Specialist and Principal Consultant at RDK Global Consulting LLC, as he shares his perspective and insights on the Ag Industry – namely how Consumers and Technology are driving change in the industry.
Perspectives on the Ag industry – Part I: How Consumers are driving change in the industry

This article is part of a series by Rajendra Ketkar, Mandala’s Sector Specialist and Principal Consultant at RDK Global Consulting LLC , as he shares his perspectiveand insights on the Ag Industry – namely how Consumers and Technology are driving change in the industry.
Recap on Food Future Funds Symposium 2019

Bringing together thought leaders across the food value chain and the global investment community. In coordination with Singapore’s Rethink Agri-Food Innovation Week, Mandala Capital organized the first Food, Future, Funds Symposium with support from Temasek, NUS Business School, and the Singapore Economic Development Board.
Inaugural Impact Report 2019:
Creating Impact Along the Entire Food Chain

Our mission is to create impact along the entire food chain that is sustainable and scalable. What does that really mean and how is Mandala’s approach to impact as an asset manager differentiated?