Haldiram Snacks Food, a prominent player in the Indian snack industry, has recently secured investments from two additional entities: International Holding Company (IHC) and Alpha Wave Global. This development occurs within the framework of an ongoing equity round aimed at bolstering the company's capital as it seeks to expand its footprint on the global stage. The announcement came via a statement from PwC, which has been advising Haldiram on these transactions. This news follows the company’s decision to welcome Singapore’s state-owned investment firm, Temasek, as a shareholder. The entry of these investors is indicative of Haldiram’s ambitious plans to amplify its presence in international markets, particularly in the lucrative regions of the United States and the Middle East. PwC emphasized that this strategic partnership significantly enhances Haldiram's financial stability, allowing for accelerated growth and expansion internationally. The firm expressed confidence that this move would position Haldirams as a globally recognized brand renowned for its premium and authentic Indian snacks. While specific details regarding the investment amounts from Temasek, IHC, and Alpha Wave Global have not been disclosed, reports from the Indian business daily Financial Express suggest that Temasek is poised to acquire approximately a 10% stake in Haldirams for around ₹86 billion (approximately $1.01 billion). However, a spokesperson from Temasek refrained from confirming these figures when approached by the media outlet Just Food. The PwC statement further noted that Haldirams is keen to utilize the extensive expertise and networks of its new investors to enhance its market presence not only in the US and Middle East but also to reinforce its standing in its home market of India. These international markets are particularly promising due to their growing appetite for Indian cuisine and snacks, which Haldirams aims to capitalize on as part of its global strategy. Navroz Udwadia, co-founder of Alpha Wave Global, remarked, “Our investment in Haldirams aligns perfectly with our strategy of identifying and supporting leading businesses that possess substantial competitive advantages and the potential for high returns.” Interestingly, this investment comes shortly after the Competition Commission of India approved a restructuring initiative by the Agarwal family, the promoters of the Haldiram Group. This restructuring involves a demerger that consolidates the fast-moving consumer goods (FMCG) operations from two separate companies into Haldiram Snacks Food, which is the entity receiving these investments. Following this transaction, Haldiram Snacks Private Limited will control 56% of Haldiram Snacks Food, while Haldiram Foods International Private Limited will hold the remaining 44%. This strategic move is expected to streamline operations and facilitate more robust growth in both domestic and international markets. As the demand for Indian snacks continues to rise globally, Haldiram’s strategic alliances with influential investors position it well to tap into new markets while strengthening its core business in India. The company’s commitment to quality and authenticity in its offerings remains a strong appeal that could propel its brand recognition and market share worldwide.