Latest news with #Haldiram's
What's On
3 days ago
- Entertainment
- What's On
India's iconic Haldiram's has officially landed in Dubai
Sponsored: The taste of India, at your doorstep… Big news for fans of bold flavours and nostalgic bites — Haldiram's, India's legendary food brand, has launched its first-ever international outlet right here in Dubai. Even better? You can order it exclusively through talabat. That's right. Haldiram's, the 1937-born Bikaner classic that's grown into a global culinary icon, is now just a tap away for UAE residents. From street-food staples like Chole Bhature and Raj Kachori to festive favourites like Motichoor Ladoo and Kaju Katli, this launch delivers more than food — it serves up culture, comfort, and a whole lot of flavour. Craving a comforting Maska Pao Bhaji or want to gift someone a box of beautifully packaged traditional Indian sweets? Haldiram's makes it easy, whether you're celebrating a special occasion or just need a midweek treat. It's the perfect slice of home for the Indian community — and a must-try for anyone curious about India's rich culinary heritage. You can now browse the full menu under the Indian cuisine category or just search 'Haldiram's' in the app. Your flavour-packed journey starts now. Only on talabat. Only in Dubai. @talabatuae Images: Supplied > Sign up for FREE to get exclusive updates that you are interested in
Reuters
31-03-2025
- Business
- Reuters
Indian snack company Haldiram's attracts two more investors after Temsaek
March 31 (Reuters) - Indian snack company Haldiram's said on Monday that it had added two new investors, Alpha Wave Global and International Holding Company (IHC), to its ongoing equity financing round, weeks after Singapore's Temasek picked up a 10% stake for about $1 billion.
Khaleej Times
12-03-2025
- Business
- Khaleej Times
Temasek takes bite of India's Haldiram's for $1 billion, sources say
Singapore's state investment company Temasek has signed a deal to pick up close to a 10 per cent stake in the snacks business of India's Haldiram's at a cost of about $1 billion, two people with direct knowledge of the matter said on Wednesday. The deal was signed after months of negotiation and Temasek considers Haldiram's a "prized asset" that will help expand its focus on India's consumer sector, said one of the sources, who declined to be named as the decision is private. Temasek's purchase price translates into a roughly $10 billion valuation for the company. Temasek said it will not comment on market speculation regarding the signing. Calls to Haldiram's CEO Krishan Kumar Chutani were not answered. Temasek's stake purchase comes just over a week after private equity investor Blackstone pulled out of the race to acquire a minority stake in Haldiram's, citing valuation concerns, Reuters reported earlier this month. Haldiram's, which started in 1937 with a tiny shop in the city of Bikaner in the western desert state of Rajasthan, is estimated by Euromonitor International to hold a near 13 per cent share of India's $6.2 billion savoury snacks market, and its snacks business has proved a tempting asset for many foreign investors. One of Haldiram's most popular snacks is "bhujia", a crispy fried Indian snack made with flour, herbs and spices and sold for as little as Rs10 (42 UAE fils) in mom-and-pop stores. Temasek, which has expanded its India footprint with investments in Manipal Hospitals and KFC and Pizza Hut operator Devyani International, is now betting on the country's snacks market with the stake in Haldiram's.
Yahoo
04-03-2025
- Business
- Yahoo
Blackstone out of race for India's Haldiram's over valuation, sources say
By Aditya Kalra NEW DELHI (Reuters) - Private equity investor Blackstone has pulled out of the race to pick up a minority stake in the snacks business of India's Haldiram's over valuation concerns, two sources with direct knowledge of the matter said on Tuesday. Rival bidder Temasek remains in the race to acquire a minority stake in the business, said a third source with direct knowledge of discussions. Blackstone had spent seven months on the deal, but there is "no turning back" now from a decision to end talks, one of the first people said. Haldiram's, which also has restaurant operations, is estimated by Euromonitor International to hold a near 13% share of India's $6.2 billion savoury snacks market, and its snacks business has proved a tempting asset for many foreign investors. But valuation has been a sticking point in the deal talks between Haldiram's and Blackstone, which was initially keen on a majority stake but later agreed to go for a smaller share, Reuters reported in November. While Blackstone wanted around a 15% stake at a valuation of roughly $8 billion and to work with management in the future, Haldiram's was only keen to get them onboard as a financial investor and at a higher valuation of $10 billion, said the first source. Haldiram's CEO Krishan Kumar Chutani declined to comment. Blackstone did not immediately respond to Reuters' request for comment, and Temasek declined to comment. There was also a disconnect over a potential IPO timeline. While Blackstone wanted Haldiram's to consider an IPO within three years of investment, the Indian company was pushing for five years. Haldiram's started in 1937 with a tiny shop in the city of Bikaner in the western desert state of Rajasthan. One of Haldiram's most popular snacks is "bhujia", a crispy fried Indian snack made with flour, herbs and spices and sold for as little as 10 rupees (12 U.S. cents) in mom-and-pop stores. (Additional reporting by Aditi Shah and Dhwani Pandya; Editing by Jan Harvey)
Reuters
04-03-2025
- Business
- Reuters
Blackstone out of race for India's Haldiram's over valuation, sources say
NEW DELHI, March 4 (Reuters) - Private equity investor Blackstone has pulled out of the race to pick up a minority stake in the snacks business of India's Haldiram's over valuation concerns, two sources with direct knowledge of the matter said on Tuesday. Rival bidder Temasek remains in the race to acquire a minority stake in the business, said a third source with direct knowledge of discussions. Blackstone had spent seven months on the deal, but there is "no turning back" now from a decision to end talks, one of the first people said. Haldiram's, which also has restaurant operations, is estimated by Euromonitor International to hold a near 13% share of India's $6.2 billion savoury snacks market, and its snacks business has proved a tempting asset for many foreign investors. But valuation has been a sticking point in the deal talks between Haldiram's and Blackstone, which was initially keen on a majority stake but later agreed to go for a smaller share, Reuters reported in November. While Blackstone wanted around a 15% stake at a valuation of roughly $8 billion and to work with management in the future, Haldiram's was only keen to get them onboard as a financial investor and at a higher valuation of $10 billion, said the first source. Haldiram's CEO Krishan Kumar Chutani declined to comment. Blackstone did not immediately respond to Reuters' request for comment, and Temasek declined to comment. There was also a disconnect over a potential IPO timeline. While Blackstone wanted Haldiram's to consider an IPO within three years of investment, the Indian company was pushing for five years. Haldiram's started in 1937 with a tiny shop in the city of Bikaner in the western desert state of Rajasthan. One of Haldiram's most popular snacks is "bhujia", a crispy fried Indian snack made with flour, herbs and spices and sold for as little as 10 rupees (12 U.S. cents) in mom-and-pop stores.
