Haldiram lands IHC, Alpha Wave as strategic investors

Leading Indian snacks and sweets manufacturer Haldiram has confirmed the addition of two new investors—Abu Dhabi-based International Holding Company (IHC) and New York-based Alpha Wave Global—as part of its ongoing equity financing round. This development follows the recent investment from Singapore's Temasek, further solidifying Haldiram’s financial position.

In a statement, the company expressed its enthusiasm for the partnership, noting that IHC and Alpha Wave Global’s involvement aligns with Haldiram’s long-term growth strategy. However, financial details of the deal were not disclosed.

According to industry reports, IHC and Alpha Wave Global have collectively acquired a minority stake of approximately 6% in Haldiram Snacks Food at a valuation of USD 10 billion (₹85,000 crore). This valuation underscores Haldiram’s dominant position in India's packaged food industry and its ambitions for further global expansion, particularly in the United States and the Middle East.

Temasek’s Investment and Market Valuation

The announcement comes shortly after Temasek, a Singapore-based global investment firm, confirmed the acquisition of a 10% minority stake in Haldiram for ₹8,500 crore. This transaction, reportedly advised by PwC’s investment banking team, places Haldiram’s valuation at an impressive ₹85,000 crore. The deal is subject to regulatory approvals and is expected to close soon.

Strategic Expansion Plans

Haldiram’s move to onboard global investors aligns with its vision of expanding its presence in international markets, particularly in the U.S. and the Middle East. “The investment reflects Alpha Wave Global’s and IHC’s commitment to backing strong consumer brands with significant market potential,” the company stated.

The deal is expected to provide long-term capital support for Haldiram’s expansion and strengthen its competitive positioning. The transaction, facilitated by PwC and legal firm Khaitan & Co, is subject to regulatory approvals.

Haldiram has emerged as one of India’s most prominent snack brands, with a growing global footprint. With the backing of major international investors, the company aims to accelerate its growth trajectory in both domestic and overseas markets.