Anupam Mittal, entrepreneur and Shark Tank India Judge, weighed on one of the largest offers in the food industry in India. Reacting to the acquisition by the Singaporean investment company Temasek of a participation in Haldiram Snacks Foods, Mittal went to X with a remark full of mind:
“Ek Laakh believes Ki Bhujiya? Kamaal Hai India.”
His commentary referred to the Haldiram reported evaluation of $ 10 billion (around 8,500 crores (
Temasek’s investment in Haldiram, finalized on March 11, is an important step for the Packed Food Industry of India. By guaranteeing a minority participation of 9 to 10%, Temasek escaped several global companies, reporting an increase in international interest in the Indian consumer market.
This agreement is one of the most important foreign investments in the FMCG sector in India, reflecting confidence in the food and booming retail space of the country. With the increase in available income and change consumption models, India has become a hot spot for global investors who seek to exploit its expanding middle class market.
Haldiram’s participation is one of Temasek’s largest investment strategy in India. The Singaporean investment giant already has an exposure of $ 37 billion in the country in March 2024 and plans to invest an additional $ 10 billion over the next three years.
Some of its notable Indian investments include:
- Manipal Health – A participation of 51% after an investment of $ 2 billion.
- Rebel Foods – led a financing cycle of $ 210 million in 2024, assessing the company at $ 1.4 billion.
With this decision, Temasek is now developing in the packaged food sector of India, diversifying beyond investments in health and food technology.
While Temasek has obtained its position, the reports suggest that the Blackstone and Alpha Wave Global Investment Capital Giants are in talks for an additional 5% participation in Haldiram. If it is finalized, this could bring even more foreign capital to the FMCG Indian space.
Haldiram, one of the most recognized brands of snacks in India, drew global attention with its traditional candies and packaged foods. A valuation of $ 10 billion highlights the strength and potential of the FMCG India sector, which continues to attract the main international players.
