Haldiram’s Secures Strategic Investment from Temasek
India’s Packed Snacks and Sweets Giant Expands Global Reach
Temasek Invests in India’s Food Industry
Haldiram’s, India’s leading packed snacks and sweets company, has partnered with Temasek, a global investment firm based in Singapore. According to industry sources, Temasek is set to acquire a 10% minority stake in Haldiram Snacks Food, valuing the company at approximately USD 10 billion (around Rs 85,000 crore).
Global Expansion for Haldiram’s
The investment will fuel Haldiram’s domestic and international growth plans, solidifying its position in the competitive global snacks market. A Haldiram’s spokesperson shared their excitement about the collaboration, saying, “We are delighted to have Temasek as an investor and partner in Haldiram’s.”
Haldiram’s Success Story
Established in 1937 in Bikaner, Rajasthan, Haldiram’s began as a small sweets and namkeen shop by Ganga Bhishen Agarwal. Today, it has grown into a world-renowned brand, with products available in over 80 countries. In 2022, the packaged snacks divisions of Delhi-based Haldiram’s Snacks and Nagpur-based Haldiram’s Foods International merged into a single entity, Haldiram Snacks Food.
- Founded in Bikaner, Rajasthan in 1937
- Products available in over 80 countries
- Merged into Haldiram Snacks Food in 2022
Future Growth and Collaboration
Haldiram’s promoters are considering divesting an additional 6% stake in Alpha Wave Global. Several private equity firms, including Blackstone, Alpha Wave Global, and a Bain Capital-led consortium, were vying for a stake in the company.
PwC’s investment banking team served as the exclusive financial advisor for the transaction.
