Pantomath's Bharat Value Fund invests ₹235 cr for minority stake in Haldiram Bhujiawala
The Statesman|November 09, 2024
Kolkata-based Haldiram Bhujiawala Limited has announced the successful closure of its private placement round, with Pantomath's Bharat Value Fund (BVF) investing Rs 235 crore in the company for minority stake.
STATESMAN NEWS SERVICE
Pantomath's Bharat Value Fund invests ₹235 cr for minority stake in Haldiram Bhujiawala

Haldiram Bhujiawala Limited retails its products under the brand "Prabhuji".

The snacks market, one of the fastest-growing sectors in India, was estimated to be worth Rs 426 billion in FY24, which is expected to reach nearly Rs 955 billion by FY32, registering a CAGR of 11 percent. Organized players in this market, who enjoy a substantial market share, are expected to be the key contributors to this growth. Their persistent focus on product diversification, coupled with a strong commitment to quality, convenience, and safety standards, will position them for further expansion.

Haldiram Bhujiawala Limited has a strong legacy of more than 6 decades in snacks and savory industry. The company retails its products under the brand name of "Prabhuji", offering a broad product portfolio with 100+ SKUs, which enjoys strong brand recognition, especially in Eastern and North-Eastern Indian markets besides running the quick service restaurants in West Bengal and North-Eastern States. The modern brand, 'Prabhuji' has become the buzz word, which is backed by the company's new-age marketing strategy.

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