Haldiram's enters another partnership to boost market presence
What's the story
L Catterton, a leading global consumer-focused investment firm, has announced a strategic partnership with Haldiram's. The official announcement did not disclose the deal size or valuation. However, L Catterton, which manages approximately $39 billion of equity capital across private equity, credit and real estate investments, may have acquired a minority stake in the popular packaged food company.
Previous investors
L Catterton's investment follows other major stakeholders
The latest deal makes L Catterton the fourth external investor to acquire a stake in Haldiram's. The first three were Temasek, Alpha Wave Global, and UAE's International Holding Company (IHC). Haldiram Snacks Food Pvt. Ltd announced its partnership with Singapore-headquartered global investment firm Temasek on March 30, 2025. The three firms collectively acquired about a 15% stake in the food giant.
Strategic goals
New investment to boost Haldiram's growth
The partnership between L Catterton and Haldiram's is expected to strengthen the latter's market leadership in India and speed up its international expansion. The collaboration will leverage Haldiram's strong fundamentals, brand equity, and growth potential. "We are delighted to back Haldiram's and drive further growth in India's evolving consumer market," said Sanjiv Mehta, Executive Chairman of L Catterton India.
Market leadership
L Catterton's expertise to aid Haldiram's global expansion
The partnership will allow Haldiram's to leverage L Catterton's global consumer sector expertise, operating prowess, and industry network. The investment firm has a wealth of experience in building brands in the packaged food space globally. Its current and past investments include Cholula Hot Sauce, Farmley, Ferrara Candy Company among others.