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Why are investors biting into Indian snack makers?
Mint New Delhi
|September 12, 2025
Singapore's state-owned fund Temasek will invest in Gujarat-based snack maker Balaji Wafers, Mint reported. This is the latest in a series of investments in Indian packaged food companies by large foreign funds and strategic investors. What's the draw? Mint explains:
1 What is Temasek's latest deal in India?
Singapore's sovereign wealth fund Temasek is planning to invest in Gujarat-based chips-toconfectionery maker Balaji Wafers, a key competitor to large snack makers such as PepsiCo's FritoLay. A deal may value Balaji at ₹38,000-40,000 crore, Mint reported. This March, Temasek bought 10% stake in the iconic namkeen and snacks brand Haldiram's. Global investment firm Alpha Wave Global also picked up a small stake in the company. Temasek also invested $180 million in Rebel Foods, which runs cloud kitchens and stores for brands such as Faasos, Behrouz Biryani and Oven Story Pizza.
2 What were the other recent food deals?
Cette histoire est tirée de l'édition September 12, 2025 de Mint New Delhi.
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