Beyond Snack raises $8.3 million in Series A funding round
1 week ago

Beyond Snack raises $8.3 million in Series A funding round

Live Mint  

New Delhi: Snacking brand Beyond Snack has raised $8.3 million in a Series A funding round led by 12 Flags Group, a consumer-focused fund set up by Rakesh Kapoor, the former global CEO of Reckitt Benckiser. Existing investor NAB Ventures also participated in the round, along with Japanese VC firm Enrission India Capital and other existing investors, including Faad Network. The company will use the funds to expand into more markets, doubling its offline distribution to 40,000 outlets by the end of fiscal 2026 and expanding its presence to more cities, particularly in the southern regions where it currently has no market presence, said Manas Madhu, founder of Beyond Snack, in an interview with Mint. Kapoor’s 12 Flags Group started the India-focused fund with a corpus of $100 million in 2023; the fund’s maiden investment in India was in homegrown coffee chain Blue Tokai.

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Haldiram's attracts bids from Alpha Wave, 2 others for 15-20% stake: Report
1 month ago

Haldiram's attracts bids from Alpha Wave, 2 others for 15-20% stake: Report

India Today  

Leading snack brand Haldiram Snacks Food has received binding offers from Alpha Wave Global, Blackstone, and Bain Capital-led consortiums for a 15-20% stake, reportedly valued at over a billion dollars, reported The Economic Times. The bids, which could mark one of India’s largest private-equity deals, peg the company’s valuation at Rs 75,000-80,000 crore, added the report. While private-equity firms push …

Is Haldiram's going to foreign arms? Blackstone-led $8.5 bn bid for 76% indicates so
8 months ago

Is Haldiram's going to foreign arms? Blackstone-led $8.5 bn bid for 76% indicates so

Firstpost  

In September, Tata Group’s consumer unit explored acquiring over half of Haldiram’s but opted out due to the steep $10 billion valuation. According to Economic Times, last week, a consortium led by Blackstone, the world’s largest private equity fund, submitted a non-binding bid to acquire a controlling stake in India’s largest snack and convenience foods company. According to an IANS …

Gopal Snacks shares tumble 5% to hit a new all-time low on weak Q3 earnings
9 months, 1 week ago

Gopal Snacks shares tumble 5% to hit a new all-time low on weak Q3 earnings

Live Mint  

Gopal Snacks, an FMCG company dealing in ethnic snacks, saw its shares tumble nearly 5% to hit a new all-time low of ₹341 apiece after the company posted a weak set of numbers for the December ending quarter. During Q3 FY24, the company reported a standalone net profit of ₹17.9 crore, marking a significant 44% decrease compared to the net …

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