L Catterton Backs Haldiram's Global Ambitions

L Catterton, a leading global investment firm, has acquired a stake in Haldiram, a major Indian snacks and food brand. The strategic partnership seeks to fortify Haldiram's market leadership in India and expand its international presence. Previous stakeholders include Temasek, Alpha Wave Global, and IHC.

L Catterton, a prominent global consumer-focused investment firm, has announced a strategic partnership with Haldiram, acquiring a stake in the leading Indian snacks and food brand.

Though details of the investment remain undisclosed, this collaboration is set to bolster Haldiram's market leadership in India and propel its international expansion.

Industry insiders have speculated a valuation for Haldiram at around USD 10 billion, marking it as a significant player in the Indian packaged food sector. L Catterton's investment expertise spans notable food brands worldwide, positioning it to help transform Haldiram into a 'global India for the world' brand.

(With inputs from agencies.)