Synopsis: Lal Sweets, a Bengaluru-based confectionery company, is set to raise $40 million from private equity investors, valuing the firm at $150-175 million. The funding, combining primary and secondary capital, is supported by a term sheet from Motilal Oswal Group. Lal Sweets exports to countries with large Indian populations, such as the US, Singapore, and West Asia.
Bengaluru-based Lal Sweets is poised to raise $40 million from private equity investors, valuing the company between $150 million and $175 million. The fundraise, involving both primary and secondary capital, is backed by a term sheet from the private equity arm of Motilal Oswal Group.
Lal Sweets, known for its sweets, cookies, and savouries, ships its products to countries with significant Indian populations, such as the US, Singapore, and West Asia. This strategic expansion aims to cater to the global demand for authentic Indian confectionery and snacks.
According to sources familiar with the matter, the funding will support Lal Sweets in enhancing its production capabilities and expanding its distribution network. The involvement of Motilal Oswal Group underscores the confidence in Lal Sweets' growth potential and market presence.
The $40 million investment will be a mix of primary and secondary capital, providing the company with the necessary resources to scale its operations and increase its market share both domestically and internationally.
