Temasek has agreed to acquire a 10% stake in Haldiram’s snack business for USD 1 billion, highlighting confidence in India's growing snack food market.
Target Information
Haldiram’s is a prominent fast-food restaurant chain based in India, renowned for its diverse range of snack foods and sweets. Founded in 1937, the company has established a significant presence in the Indian food industry and has expanded its operations internationally, catering to the growing demand for Indian cuisine both at home and abroad.
The snack business of Haldiram’s, specifically, is a thriving segment that encompasses a wide array of offerings from traditional Indian snacks to innovative fusion items. With a strong brand reputation and loyal customer base, Haldiram’s continues to capture market share within the competitive Indian snack food industry.
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Industry Overview
The Indian snack food industry has experienced remarkable growth in recent years, driven by changing consumer preferences, increased urbanization, and the rise of snacking as a popular
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Temasek
invested in
Haldiram’s
in
in a Other Private Equity deal
Disclosed details
Transaction Size: $1,000M