‘Ek lakh crore ki bhujiya?’: Anupam Mittal stunned by Haldiram’s $10 bn deal with Temasek

Anupam Mittal, businessman and Judge of Shark Tank India, created one of the largest food industry deals in India. In response to a Temasek company to invest in Singaporean Temasek for a share in Haldiram Snacks Foods, move the Mittal to X with a brilliant note:

“Ek Lakh Crore Ki Bhujiya? Kamaal Hai India.”

His comment allows Haldram’s amount of $ 10 billion (about 8,500 rupees)-an amazing number that confirms the growing global appetite for the rapid consumer commodity sector in India (FMCG).

Temasek’s investment in Haldiram, which was completed on March 11, is an important milestone for the packaged food industry in India. Securing a minority stake from 9 to 10 %, Temasek Outbid many international companies, indicating high international interest in the consumer market in India.

This deal is one of the largest foreign investments in the FMCG sector in India, which reflects confidence in the prosperous food and retail spaces in the country. With the high income available and consumption patterns, India has become a hot point for global investors looking to benefit from its middle -class market.

Haldiram is part of the largest investment strategy in Temasek in India. The Singapore investment giant has already been of $ 37 billion in the country as of March 2024 and plans to invest another $ 10 billion over the next three years.

Some of its prominent Indian investments include:

• Manipal Health – 51 % stake after investing $ 2 billion.
• Rebel Foods – He led a $ 210 million financing round in 2024, which resides the company at $ 1.4 billion.

With this step, Temasek is now expanding to the packed food sector in India, and varies beyond investments in the field of health care and food technology.

While Temasek has obtained its location, reports indicate that Blackston and Alva Wiv Global giants have been in talks for an additional 5 % share in Haldram. If this is completed, this may bring foreign capital to the Indian FMCG space.

Haldiram’s, one of the most snack brands in India, has caught a global interest with its traditional sweets and packed foods. A 10 billion dollar evaluation confirms the strength and capabilities of the FMCG sector in India, which continues to attract the main international players.