Haldiram’s adds Alpha Wave Global and IHC to ongoing equity round
In a significant development, Haldiram’s, a leading Indian snacks and food company, has announced that it has added Abu Dhabi’s International Holding Company (IHC) and Alpha Wave Global to its ongoing equity round. This move comes after the company sealed a stake deal with Singapore-based Temasek, a global investment company. The latest development sees IHC and Alpha Wave Global jointly acquiring a minority stake of approximately 6% in Haldiram’s, as reported by Business Today.
The partnership between Haldiram’s and its new investors is expected to provide long-term support to the company’s growth plans, according to a statement. This strategic move is likely to bolster Haldiram’s position in the Indian snacks and food market, which is witnessing growing demand and increasing competition.
For the uninitiated, Haldiram’s is a well-known Indian snacks and food company that offers a wide range of products, including namkeens, pickles, and other food items. The company was founded in 1982 and has since grown to become one of the leading players in the Indian snacks and food market. Haldiram’s has a strong presence in the domestic market and exports its products to several countries around the world.
Alpha Wave Global, a US-based investment firm, has been making waves in the Indian startup ecosystem with its investments in various companies, including food-tech startup, Zomato. The firm has a strong focus on investing in innovative and growth-oriented companies, and its partnership with Haldiram’s is likely to bring in fresh perspectives and expertise to the company.
International Holding Company (IHC), on the other hand, is a leading Abu Dhabi-based investment and holding company that focuses on investing in companies with strong growth potential. IHC has a diverse portfolio of investments across various sectors, including real estate, energy, and healthcare. The company’s investment in Haldiram’s is likely to bring in strategic support and guidance to the company’s growth plans.
The addition of IHC and Alpha Wave Global to Haldiram’s ongoing equity round is a significant development for the company, which is looking to expand its presence in the Indian snacks and food market. The partnership is likely to bring in fresh capital and expertise to the company, which will help it to accelerate its growth plans.
In recent years, Haldiram’s has been focusing on expanding its product portfolio and increasing its presence in the online market. The company has also been investing in digital marketing and e-commerce platforms to stay ahead of the competition. The addition of IHC and Alpha Wave Global to its equity round is likely to support these initiatives and help the company achieve its growth objectives.
The Indian snacks and food market is witnessing significant growth, driven by increasing consumer spending and changing consumer preferences. The market is expected to witness a compound annual growth rate (CAGR) of around 10% over the next few years, driven by the growing demand for healthy and convenience foods.
Haldiram’s is well-positioned to benefit from this growth, with its wide range of products and strong presence in the Indian market. The company’s partnership with IHC and Alpha Wave Global is likely to provide it with the necessary resources and expertise to accelerate its growth plans and stay ahead of the competition.
In conclusion, Haldiram’s addition of IHC and Alpha Wave Global to its ongoing equity round is a significant development for the company and the Indian snacks and food market. The partnership is likely to bring in fresh capital and expertise to the company, which will help it to accelerate its growth plans and stay ahead of the competition.
Source:
