Latest news with #Haldirams
Yahoo
14-07-2025
- Business
- Yahoo
Temasek eyes more Indian family-run businesses after Haldiram's deal
By Dhwani Pandya MUMBAI (Reuters) -Singapore's state investor Temasek is looking to invest more in Indian family-run businesses, a top executive said on Monday, months after it invested $1 billion in a popular domestic snacks company. Family businesses in India, with their multigenerational legacies, strong domestic brands and loyal customers, have become attractive for global investors in recent years. In March, Temasek bought a 10% stake in Haldiram's at a valuation of around $10 billion, with sources describing it as a "prized asset" that will help investors expand its focus on India's consumer sector. "We've been very active in investing behind family-run businesses, we can invest across the value chain," Vishesh Shrivastav, managing director of Temasek's India investment team, said in an interview at its Mumbai office. Temasek has earlier invested in many businesses in India which were once run by business families, such as Manipal Hospitals and Dr Agarwal's Health Care. In a separate factsheet, Temasek said it was "keen to partner more family-owned businesses to drive long-term value creation." It did not name any potential targets. Temasek spent $2 billion in April 2023 to raise its stake in Manipal to 59% from 18% in the biggest hospital sector deal ever in India. It later sold a minority stake to Novo Nordisk's parent Novo Holdings and Abu Dhabi's sovereign investor Mubadala, but retained majority control of the hospital chain. Asked about Manipal Hospitals possible public offering, Shrivastav said it was "an eminently listable company," without elaborating. India continues to be Temasek's best-performing market over the last decade, as it remained the world's fastest-growing major economy and the second largest IPO market in 2025. Temasek said it maintained its positive outlook for India and its 2023 goal of investing up to $10 billion in Asia's third-largest economy over a three-year horizon. Temasek invested over $3 billion in India over the past year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
14-07-2025
- Business
- Reuters
Temasek eyes more Indian family-run businesses after Haldiram's deal
MUMBAI, July 14 (Reuters) - Singapore's state investor Temasek is looking to invest more in Indian family-run businesses, a top executive said on Monday, months after it invested $1 billion in a popular domestic snacks company. Family businesses in India, with their multigenerational legacies, strong domestic brands and loyal customers, have become attractive for global investors in recent years. In March, Temasek bought a 10% stake in Haldiram's at a valuation of around $10 billion, with sources describing it as a "prized asset" that will help investors expand its focus on India's consumer sector. "We've been very active in investing behind family-run businesses, we can invest across the value chain," Vishesh Shrivastav, managing director of Temasek's India investment team, said in an interview at its Mumbai office. Temasek has earlier invested in many businesses in India which were once run by business families, such as Manipal Hospitals and Dr Agarwal's Health Care. In a separate factsheet, Temasek said it was "keen to partner more family-owned businesses to drive long-term value creation." It did not name any potential targets. Temasek spent $2 billion in April 2023 to raise its stake in Manipal to 59% from 18% in the biggest hospital sector deal ever in India. It later sold a minority stake to Novo Nordisk's parent Novo Holdings and Abu Dhabi's sovereign investor Mubadala, but retained majority control of the hospital chain. Asked about Manipal Hospitals possible public offering, Shrivastav said it was "an eminently listable company," without elaborating. India continues to be Temasek's best-performing market over the last decade, as it remained the world's fastest-growing major economy and the second largest IPO market in 2025. Temasek said it maintained its positive outlook for India and its 2023 goal of investing up to $10 billion in Asia's third-largest economy over a three-year horizon. Temasek invested over $3 billion in India over the past year.
Yahoo
14-07-2025
- Business
- Yahoo
Temasek eyes more Indian family-run businesses after Haldiram's deal
By Dhwani Pandya MUMBAI (Reuters) -Singapore's state investor Temasek is looking to invest more in Indian family-run businesses, a top executive said on Monday, months after it invested $1 billion in a popular domestic snacks company. Family businesses in India, with their multigenerational legacies, strong domestic brands and loyal customers, have become attractive for global investors in recent years. In March, Temasek bought a 10% stake in Haldiram's at a valuation of around $10 billion, with sources describing it as a "prized asset" that will help investors expand its focus on India's consumer sector. "We've been very active in investing behind family-run businesses, we can invest across the value chain," Vishesh Shrivastav, managing director of Temasek's India investment team, said in an interview at its Mumbai office. Temasek has earlier invested in many businesses in India which were once run by business families, such as Manipal Hospitals and Dr Agarwal's Health Care. In a separate factsheet, Temasek said it was "keen to partner more family-owned businesses to drive long-term value creation." It did not name any potential targets. Temasek spent $2 billion in April 2023 to raise its stake in Manipal to 59% from 18% in the biggest hospital sector deal ever in India. It later sold a minority stake to Novo Nordisk's parent Novo Holdings and Abu Dhabi's sovereign investor Mubadala, but retained majority control of the hospital chain. Asked about Manipal Hospitals possible public offering, Shrivastav said it was "an eminently listable company," without elaborating. India continues to be Temasek's best-performing market over the last decade, as it remained the world's fastest-growing major economy and the second largest IPO market in 2025. Temasek said it maintained its positive outlook for India and its 2023 goal of investing up to $10 billion in Asia's third-largest economy over a three-year horizon. Temasek invested over $3 billion in India over the past year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NDTV
30-06-2025
- General
- NDTV
How A Simple Call To Restaurant Restored Swiggy Customer's "Faith In People"
Online food delivery has become the new norm. But sometimes, the service just fails to hit the mark. The paneer tikka you ordered comes soggy, or the tandoori chicken that arrives is overly roasted. On such occasions, the customer's first thought is to seek help from customer care. However, the solutions given often leave them dissatisfied. A Delhi resident recently had a similar experience when the chicken curry he ordered from Swiggy came 'half-filled with oil'. But his story had a happy ending. The social media user shared a long note on Reddit. He wrote, ' (The chicken curry) looked super unhealthy. I spoke to Swiggy, sent relevant photos, and they refused to help, citing that I would have to write an email to them. How is this so common now? Why is the help section called the help section, then, if they can't offer help? I thought, let's just leave it and not order from here again.' The man's fate changed when he called the restaurant directly. 'I spoke to the manager — explained what I felt. He listened and said he'd talk to the chef. Five minutes later, I got a call from the chef himself. He genuinely apologised and admitted that something may have gone wrong. I told him I'd already eaten it—after removing as much oil as I could—because I had no choice. He understood and promised to send me a fresh dish tomorrow, on the house, and assured it would be up to the mark,' he recalled. Also Read: Indian Mom Treats American Vlogger Like "Baby" While Serving Food, Internet Approves On a concluding note, the Redditor revealed his biggest takeaway from the situation. He wrote, 'This reminded me that no matter how much we get into tech, with AI bots taking over help sections, it's what our grandparents taught us that still holds—be respectful, truthful, and just talk. The human touch will always have a deeper understanding of another human.' by u/AnybodyElectronic797 in delhi The post received a flurry of reactions. 'Do update if you get that free dish, it will restore my faith then,' commented one user. 'I ordered chaat from Swiggy (Haldirams) but was delivered momos instead. Complained to their chat, and sent pics of the invoice & dish, but they asked me to 'email' their escalation team. So, I sent an email, but, surprise, their email support said they couldn't do anything. I haven't used Swiggy since that day. They're not getting even 1 paisa of my hard-earned money,' shared another. 'I've once filed a case against Swiggy, got my refund back, plus they paid for the fees of all the documentation & lawyer,' joked a person. 'Sometimes all you need is an understanding person,' read a sweet remark. What are your thoughts on this?
Entrepreneur
18-06-2025
- Business
- Entrepreneur
Physis Capital Secures Over INR 200 Cr to Back High-Impact Startups
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Physis Capital, the growth-stage venture fund launched by Vinay Bansal, Ankur Mittal, and Mitesh Shah—the founding team of Inflection Point Ventures—has raised over INR 200 crore from marquee institutional investors and family offices, including SUD Life, Haldiram's Family Office, Lotus Holdings, and Narayana Nethralaya. The final close of the fund is expected in the next six to nine months. The fund aims to invest in 15–20 high-impact, tech-driven startups across Pre-Series A to Series B rounds. Physis Capital will deploy initial cheques of USD 1–1.5 million and reserve follow-on investments of USD 1–4 million in high-performing portfolio companies. So far, it has already backed three ventures—Ben & Gaws, CTPL, and STAGE. "With strong support from marquee investors and a clear focus on founder-first investing, Physis Capital is well-positioned to back the next wave of high-impact startups in India," said Vinay Bansal, General Partner, Physis Capital. "We are currently evaluating 8 deals and expect to issue term sheets for 3–4 of them in the coming months, with sectors spanning healthtech, fintech, consumer brands, and quick commerce." The investor base includes notable names such as SUD Life—a JV between Bank of India, Union Bank, and Japan's Dai-ichi Life Holdings—and sector leaders like Narayana Nethralaya, along with influential family offices like Haldiram's and Lotus Holdings. These LPs bring not only capital but also strategic insights and domain expertise. "Our LPs add immense value beyond funding," added Ankur Mittal, General Partner. "Their operational depth and industry networks enhance our investment strategy and help scale our portfolio companies faster." Physis Capital benefits from its leadership's extensive experience: Bansal with over two decades in retail and consumer brands, Mittal's financial acumen from global investment banking, and Mitesh Shah's operational expertise from Ola and BookMyShow. Together, they aim to build a concentrated, high-conviction portfolio that supports India's next generation of category-defining startups.
