Global Expansion Through Strategic Investment

Haldiram's Snacks Food, India's premier snack and food brand, has announced a significant move to enhance its global presence by selling a minority stake to International Holding Company (IHC) and Alpha Wave Global. The financial specifics of the deal remain undisclosed, mirroring the recent investment by Singapore's Temasek. This strategic partnership is set to accelerate Haldiram's expansion in key markets like the US and the Middle East, where the demand for Indian snacks is surging.

Valuation and Strategic Goals

Industry insiders reveal that the deal involves a 6% stake in Haldiram Snacks Food, valuing the company at an impressive USD 10 billion. This marks one of the most significant transactions in India's packaged food sector. Alpha Wave Global and IHC are poised to leverage their global networks and expertise to support Haldiram's ambition of becoming a household name worldwide.

Commitment to Growth and Innovation

"With this partnership, we are well-positioned to enhance our product offerings and expand our operations globally," stated a Haldiram's spokesperson. Rick Gerson of Alpha Wave Global and Syed Basar Shueb of IHC both expressed their enthusiasm for supporting Haldiram's journey towards innovation and market expansion.

Haldiram's Legacy and Future

Founded in 1937 in Bikaner, Rajasthan, Haldiram's has evolved into a global brand available in over 80 countries. The recent merger of its Delhi and Nagpur operations, pending regulatory approval, signifies a new chapter in its storied history, aiming to solidify its position as a leader in the international food industry.