IHC and Alpha Wave Global acquire stake as Haldiram’s eyes global expansion and IPO
Haldiram’s, one of India’s most iconic snack brands, is drawing in heavyweight global investors as part of its ongoing equity round, with UAE-based IHC (International Holding Company) and US-based Alpha Wave Global now entering the fray. This comes shortly after Singapore’s Temasek acquired a significant stake in the company, signaling robust international interest in the Indian FMCG space, reported timesofindia.indiatimes.com.
Haldiram’s global ambition gets a boost with new investors ahead of IPO plans
While the exact deal value remains undisclosed, industry sources revealed that IHC and Alpha Wave Global together are picking up a 6% stake in Haldiram Snacks Food, valuing the company at a staggering $10 billion. This marks one of the largest private equity transactions in India’s consumer sector.
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The fresh investments follow Temasek’s acquisition of a 9-10% stake for over ₹8,500 crore, as reported last month
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The company confirmed that the new strategic investors will help bolster its presence in key international markets like the United States and the Middle East, where demand for Indian snacks and cuisine is witnessing rapid growth
IPO plans in motion as legacy snack brand goes global
Haldiram’s, which commands a 13% share in India’s $6.2-billion savoury snacks market, is preparing to launch its Initial Public Offering (IPO) process in the coming months, aiming for a public listing within two years. The company’s current structure under Haldiram Snacks Food consolidates the merged operations of its Nagpur and Delhi branches, tracing its origins back to a small shop in Bikaner in 1937.
A company spokesperson described the incoming investments as “patient capital”, emphasizing long-term support for Haldiram’s growth strategy, particularly as it gears up to enter new geographies and expand its consumer base.
