Indian snack giant Haldiram’s has secured new investments from Abu Dhabi’s International Holding Company (IHC) and New York-based Alpha Wave Global. This follows Temasek’s ₹8,500 crore ($1 billion) acquisition of a 10% stake, valuing the company at $10 billion.
The fresh funding is expected to support Haldiram’s international expansion, particularly in the US, Middle East, and Southeast Asia. The company currently holds a 13% share in India’s $6.2 billion savory snacks market and is actively scaling its global footprint.
Previously, Blackstone was in talks to buy a 20% stake, but negotiations fell apart due to valuation differences. The latest investments highlight growing foreign interest in India’s packaged food industry, particularly in strong legacy brands like Haldiram’s.
Founded in 1937, Haldiram’s has grown from a small shop in Rajasthan to a global leader, exporting to over 80 countries. With a wide retail network and an expanding product range, the company is now positioning itself as a major player in the international FMCG sector.
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