Aavishkaar Announces Its First Investment in Sri Lanka with MA’s Foods

Indiainfoline, Apr 08,’16

Aavishkaar, one of the world’s leading impact investor, marks its first foray in Sri Lanka with an investment in Ma’s Foods. The South & South-east Asia focused Aavishkaar Frontier Fund has agreed to invest LKR 300 million in MA’s Foods, Sri Lanka’s premium food processing company. 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. For Aavishkaar, this is the second investment from its Aavishkaar Frontier Fund (AFF), a regional fund which invests in Sri Lanka, Bangladesh, Indonesia and Pakistan.