Haldiram's Sells Stake to Additional Two Companies, Aims for Globally Expanded Operations (Following Temasek's Investment)
Haldiram Snacks Food Bolsters Global Push with IHC and Alpha Wave Investments
Embracing new horizons, Haldiram's, a renowned snack and food brand from India, recently sealed deals with two influential investors - IHC (International Holding Company) and Alpha Wave Global. Despite refraining from divulging specifics, the company confirmed these investments as part of their ongoing funding phase, post the entry of Temasek[1].
Bracing for a global offensive, Haldiram's financial resources have received a significant boost, focusing on expansion trajectories, particularly in the heart of the US market and the Middle East[3]. The move comes as a demonstration of commitment from Alpha Wave Global and IHC, a global investment force with an emphasis on private equity, private credit, and public markets[2].
According to industry insiders, IHC and Alpha Wave have collaboratively acquired around 6% of Haldiram Snacks Food's stocks, at a staggering valuation of around USD 10 billion (approximately Rs 85,000 crore), marking one of the most significant valuations within India's packed food industry[1].
Haldiram, founded as a sweet and snack shop in Bikaner, Rajasthan in 1937 by Ganga Bhishen Agarwal, now has a presence in over 80 countries worldwide[4]. The packaged snacks businesses of Delhi-based Haldiram Snacks and Nagpur-based Haldiram Foods International were previously demerged and later consolidated into an entity called Haldiram Snacks Food in 2022[4].
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Highlighted Keywords
- Haldiram Snacks Food
- IHC
- Alpha Wave Global
- Temasek
- Global Expansion
- Investment
- Stake Acquisition
- Valuation
[1] Business Standard. (2025, Mar 31). Haldiram Snacks Food Ropes in Two New Investors IHC, Alpha Wave Global. Retrieved from https://www.business-standard.com/article/companies/haldiram-snacks-food-ropes-in-two-new-investors-ihc-alpha-wave-global-123033101033_1.html[2] The Economic Times. (2025, Apr 01). IHC, Alpha Wave Global Invest in Haldiram Snacks Food. Retrieved from https://economictimes.indiatimes.com/news/company/ihc-alpha-wave-global-invest-in-haldiram-snacks-food/articleshow/101646265.cms[3] Financial Express. (2025, Apr 02). Haldiram Snacks Food to Strengthen Financial Position, Boost Global Expansion. Retrieved from https://www.financialexpress.com/industry/haldiram-snacks-food-to-strengthen-financial-position-boost-global-expansion/2436555/[4] India Times Food. (2022, Dec 01). Haldiram Snacks and Food International: Demerger, Merger, and the New Entity. Retrieved from https://www.indiatimes.com/food/news/haldiram-snacks-and-food-international-demerger-merger-and-the-new-entity-651416.html[5] Times Now. (2025, Mar 30). Haldiram Snacks Food Gearing up for Global Dominance with New Investors. Retrieved from https://timesnownews.com/business/haldiram-snacks-food-gearing-up-for-global-dominance-with-new-investors-articleshow/101646670.cms
- Haldiram Snacks Food has received a significant equity boost from two prominent investors, IHC (International Holding Company) and Alpha Wave Global, as part of its ongoing funding phase, following the entry of Temasek.
- The consolidated investment from IHC and Alpha Wave Global, focused on private equity, private credit, and public markets, amounts to around 6% of Haldiram Snacks Food's stocks and values the company at approximately USD 10 billion.
- As a result of this stake acquisition, Haldiram Snacks Food aim to bolster their financial resources in order to expand their reach, particularly in the US market and the Middle East.
- The investment in Haldiram Snacks Food marks one of the most significant valuations within India's packed food industry, furthering the global presence of this Indian snack and food brand that now has a presence in over 80 countries.
- With this recent investment, Haldiram Snacks Food is poised to strengthen its financial position and gear up for global dominance in the food industry.
