CCI greenlights Alpha Wave and IHC's Haldiram acquisition
Haldiram just got the go-ahead from India's competition watchdog for Alpha Wave Ventures and UAE's International Holding Company (IHC) to buy minority stakes.
This follows Temasek's recent move, where the Singapore-based investor picked up 10% of Haldiram for $1 billion.
Haldiram's valuation and global confidence in the snack giant
Thanks to Temasek's investment, Haldiram is now valued at a massive $10 billion (about ₹85,000 crore), making it one of India's top private food brands.
The fresh investments from Alpha Wave and IHC highlight strong global confidence in this homegrown snack giant and are set to support its international expansion.
Haldiram is still run by the Agrawal family
Started back in 1937, Haldiram pulled in ₹14,000 crore revenue last year with solid profit margins around 20%.
Still run by the Agrawal family, they own about 40% of India's organized snack market and sell over 400 products worldwide.
These new funds are expected to help them grow even further—both at home and abroad.