NEW DELHI: Abu Dhabi-based International Holding Company (IHC) is set to acquire a stake in India’s leading snack brand, Haldiram, as part of its latest equity financing round. The move marks another major international investment in the $10 billion Indian snacks giant.
Joining IHC in this round is New York-based Alpha Wave Global, further expanding Haldiram’s global investor base. The news follows Singapore’s Temasek, which recently secured a 10% stake for $1 billion (₹85 billion).
While the exact financial details of the IHC and Alpha Wave Global deals remain undisclosed, media reports suggest a combined investment of $70 million for a 6% stake. A Haldiram spokesperson described the investors as “patient capital and long-term partners” committed to supporting the company’s growth strategy.
With the backing of these investors, Haldiram plans to expand globally, particularly in the Middle East and the US, where Indian snacks are witnessing rising demand. The investment will help enhance product offerings, scale operations, and strengthen brand presence internationally.
Founded in 1937 in Bikaner, Rajasthan, Haldiram has evolved into a household name, offering over 400 products, including namkeens, sweets, cookies, pickles, and beverages.
