Capricorn Food Products India Ltd. announced that it had raised a private equity investment of around US$10 million from Quadria India. Quadria India now has a minority stake in the Capricorn Food. Chennai-based Capricorn Food Products is an integrated food processing company.

The food enterprise intends to use the capital to perform new initiatives, improve its manufacturing facilities, and bring in new product lines. The financial advisor for the transaction was Consort Capital.

"The Quadria team has an understanding of the sector and markets where we wish to increase our presence," Capricorn managing director, Rahoul Jain, said.

Quadria India has now made six ventures out of its India Build-Out Fund-I worth around INR430 crore. The fund is now fully deployed throughout companies in various sectors including education, credit research, healthcare, and the food and agri sectors.

The Indian food processing sector accounts for 32% of the country's total food market. The sector is set to increase to US$200 billion by 2015.