In a significant development, Haldiram’s, the iconic Indian snack brand, has secured investments from International Holding Company (IHC) and Alpha Wave Global. This strategic partnership is poised to propel Haldiram’s global expansion plans, bolstering its presence in key international markets.
Investment Details:
- Investment Amount: Alpha Wave Global is set to acquire a 6% stake in Haldiram’s for ₹5,160 crore.
- Valuation: The final valuation of the equity round is expected to be around ₹10,000 crore, making this one of the largest private-equity deals in India’s consumer space.
Haldiram’s Global Vision:
With this investment, Haldiram’s is poised to achieve new heights in its global growth journey. The company plans to leverage IHC and Alpha Wave Global’s expertise and resources to expand its operations in key markets, including the US and the Middle East.
Haldiram Key Benefits of the Partnership:
– Enhanced Global Presence: The partnership will enable Haldiram’s to strengthen its distribution networks and expand its product offerings in international markets.
– Access to New Technologies: Haldiram’s will gain access to cutting-edge technologies and innovations, enabling the company to enhance its product quality and manufacturing efficiency.
Future Plans:
Haldiram’s plans to invest heavily in marketing and branding initiatives to increase its global visibility and appeal. The company is also exploring opportunities to introduce new products and flavors, catering to diverse international tastes and preferences.
Add Business Connect magazine to your Google News feed
