Anupam Mittal, entrepreneur and Shark Tank India choose, has weighed in on one in all India’s largest meals business offers. Reacting to Singaporean funding agency Temasek’s acquisition of a stake in Haldiram Snacks Meals, Mittal took to X with a witty comment:
“Ek Laakh Crore ki bhujiya? Kamaal hai India.”
His remark alludes to Haldiram’s reported valuation of $10 billion (round ₹8,500 crore)—a staggering determine that underscores the rising world urge for food for India’s fast-moving client items (FMCG) sector.
Temasek’s funding in Haldiram’s, finalized on March 11, is a major milestone for India’s packaged meals business. Securing a 9-10% minority stake, Temasek outbid a number of world corporations, signaling rising worldwide curiosity in India’s client market.
This deal is likely one of the largest overseas investments in India’s FMCG sector, reflecting confidence within the nation’s booming meals and retail house. With rising disposable incomes and shifting consumption patterns, India has turn into a hotspot for world traders trying to faucet into its increasing middle-class market.
The Haldiram’s stake is a part of Temasek’s bigger funding technique in India. The Singaporean funding large already has a $37 billion publicity within the nation as of March 2024 and plans to take a position one other $10 billion over the subsequent three years.
A few of its notable Indian investments embrace:
- Manipal Well being – A 51% stake after a $2 billion funding.
- Insurgent Meals – Led a $210 million funding spherical in 2024, valuing the corporate at $1.4 billion.
With this transfer, Temasek is now increasing into India’s packaged meals sector, diversifying past healthcare and meals tech investments.
Whereas Temasek has secured its place, stories recommend personal fairness giants Blackstone and Alpha Wave World are in talks for an extra 5% stake in Haldiram’s. If finalized, this might usher in much more overseas capital into the Indian FMCG house.
Haldiram’s, one in all India’s most acknowledged snack manufacturers, has drawn world consideration with its conventional sweets and packaged meals. A valuation of $10 billion underscores the energy and potential of India’s FMCG sector, which continues to draw main worldwide gamers.