Incofin Investment Management

Incofin Investment Management is an Antwerp-based impact investment firm focused on financial inclusion in developing countries. The company supports rural and agricultural sectors by investing in microfinance institutions and related financial services through debt, equity and guarantees, often taking minority positions and participating on MFIs' boards to guide growth. It also funds microfinance-focused investment funds and private equity vehicles, aiming to reach the rural poor, smallholder farmers, and other actors along agricultural value chains. The firm operates globally, with activity in Africa, Asia, Latin America and beyond, and emphasizes sustainable returns alongside social impact.

Aditya Bhandari

Partner and Regional Director of Private Equity Asia

Rahul Rai

Partner, Incofin India

Past deals in Fruits and Vegetables

Sahyadri Farms

Series B in 2024
Founded in 2011, Sahyadri Farms is a vertically integrated fruits and vegetables value chain company based in Nashik, Maharashtra. Led by farmers, it addresses challenges faced by small-landholding farmers by procuring, processing, and marketing their produce, ensuring fair compensation.

Truk Rwanda

Debt Financing in 2024
Truk Rwanda provides cold storage and transportation solutions for fresh fruits and vegetables, allowing farmers in central Rwanda to extend the shelf life of their produce.

Fruitwall

Series A in 2024
Fruitwall specializes in orchard installation, development, and maintenance of controlled atmospheric storage facilities.

Sahyadri Farms

Venture Round in 2022
Founded in 2011, Sahyadri Farms is a vertically integrated fruits and vegetables value chain company based in Nashik, Maharashtra. Led by farmers, it addresses challenges faced by small-landholding farmers by procuring, processing, and marketing their produce, ensuring fair compensation.
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