Asian venture capital firm invests Rs. 300 m in MA’s Foods

Monday, 11 April 2016 00:00 - - {{hitsCtrl.values.hits}}

Social venture capital firm Aavishkaar has forayed into Sri Lanka with an investment of Rs. 300 million in MA’s Foods.

The South and South-east Asia focused Aavishkaar Frontier Fund has agreed to invest Rs. 300 million in Sri Lanka’s premium food processing firm MA’s Foods, the company said in a release.

This investment will enable MA’s Foods to accelerate its new phase of growth, expand into the North of Sri Lanka and meet its strategic plan objectives.

MA’s Foods is the manufacturer of some of Sri Lanka’s popular brands, including MA’s Kitchen, Happy Home, Dad’s Garden and Pasta Roma. “The Sri Lankan company has tremendous potential to scale up its business with its combination of excellent management team, established local brands, long-standing international relationships and significant backward linkages while staying true to its commitment to sustainability and fair trade,” Aavishkaar Partner Sanchayan Chakraborty said.

MA’s Foods markets a portfolio of organic, fair-trade and conventional gourmet meal solutions including spices, seasonings, curry pastes, sauces, ready-to-eat foods and coconut based products.

“It is fantastic motivation and a privilege to work with Aavishkaar Frontier Fund... In the coming months, we will continue with our vision of being an inseparable part of every kitchen while crafting tasteful moments for desiring families around the world with much more vigour,” MA’s Foods CEO Maliek De Alwis added.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.