Global Investors Eye Haldiram's

In a significant development for the Indian snack market, global investors including UAE's IHC and America's Alpha Wave Global are investing in Haldiram's, marking one of the largest private equity consumer deals in the local market. This move underscores the growing international appetite for Indian cuisine and snacks.

Valuation and Stake Details

With a valuation pegged at $10 billion, IHC and Alpha Wave Global are collectively acquiring about 6% stake in Haldiram Snacks Food. This follows Temasek's acquisition of a 9-10% stake for over Rs 8,500 crore, highlighting the high stakes involved in Haldiram's expansion and IPO plans.

Expansion and IPO Strategy

Haldiram's aims to leverage its new partnerships to expand its footprint in the US and the Middle East, markets with a growing demand for Indian snacks. The company is also gearing up for an IPO, with the process expected to start in over a month, targeting a listing in two years. This strategic move is supported by patient capital and long-term growth plans.

A Legacy of Growth

From its humble beginnings as a small shop in Bikaner in 1937, Haldiram's has grown to hold an estimated 13% share in India's $6.2-billion savoury snacks market. The merger of the Nagpur and Delhi factions under Haldiram Snacks Food marks a new chapter in its storied legacy.