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- Haldiram Snacks
Haldiram Snacks Revenue, Valuation, Funding & Investors
Haldiram Snacks is valued at $10B as of December 2025, a 7.2x revenue multiple. Haldiram Snacks revenue was $1.4B, as disclosed with its latest round.
Last Haldiram Snacks valuation
$10B
Undisclosed stage · Dec 2025
Last Haldiram Snacks funding round
Undisclosed stage
Amount undisclosed · Dec 2025
Haldiram Snacks revenue
$1.4B
Undisclosed stage · Dec 2025
Key investors in Haldiram Snacks
Temasek
L Catterton
Alpha Wave Global
IHC
About Haldiram Snacks
Haldiram Snacks is a Delhi-based manufacturer of traditional Indian sweets, namkeens, and ready-to-eat foods, operating since 1937. The company produces over 150 product varieties including soan papdi, gulab jamun, bhujia, and dal moth from eight facilities across India, generating annual revenues exceeding INR 8,000 crore and serving global markets through 2,000 distributors.
Founded
1937
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$1.4B (Dec 2025)
Valuation
$10B (Dec 2025)
Sectors
Haldiram Snacks Valuation
Haldiram Snacks is currently valued at $10B, based on its undisclosed-stage round in December 2025. Read the announcement ↗
The round included L Catterton.
Haldiram Snacks' valuation has moved from $10B at its undisclosed-stage round in March 2025 to $10B in December 2025, across 2 priced rounds.
Haldiram Snacks valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2025 | Undisclosed stage | $10B | 7.2x |
| Mar 2025 | Undisclosed stage | $10B | 6.8x |
Haldiram Snacks Revenue
Haldiram Snacks' latest recorded revenue is $1.4B, as of its undisclosed-stage round in December 2025. At a $10B valuation, that implies a 7.2x revenue multiple.
Revenue moved from $1.5B in March 2025 to $1.4B in December 2025, while the revenue multiple moved from 6.8x to 7.2x.
Haldiram Snacks revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2025 | $1.4B | $10B | 7.2x | Undisclosed stage |
| Mar 2025 | $1.5B | $10B | 6.8x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Haldiram Snacks Funding History
Haldiram Snacks has raised a total of $1.6B across 2 funding rounds.
Haldiram Snacks' first fundraising round was a $1.6B undisclosed-stage round in March 2025. The most recent completed round was a undisclosed-stage round in December 2025.
Haldiram Snacks funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2025 | Undisclosed stage | L Catterton | - | $10B | Haldiram Snacks Food Private Limited, formed in April 2025 by merging the packaged snacks businesses of Delhi-based Haldiram Snacks and Nagpur-based Haldiram Foods International, is India's leading packaged food company established in 1937, renowned for its wide range of ethnic snacks, sweets, and ready-to-eat products with strong domestic and overseas sales. L Catterton, a Connecticut-headquartered global consumer-focused investment firm managing $39 billion in equity capital across private equity, credit, and real estate, announced a strategic partnership and minority stake acquisition in Haldiram Snacks Food in December 2025 via its L Catterton India Fund, led by Executive Chairman Sanjiv Mehta, former CEO and MD of Hindustan Unilever. This marks L Catterton's fourth major investor entry into Haldiram's cap table that year, following Temasek's 10% stake for $1 billion in March valuing the company at $10 billion, and investments from Alpha Wave Global and Abu Dhabi's International Holding Company (IHC), with a combined $1.5 billion infusion from these three. The deal structure involves acquisition of a certain minority shareholding on a fully diluted basis, with deal size and valuation undisclosed; the Competition Commission of India (CCI) approved the transaction in early 2026, enabling completion. Strategic rationale centers on leveraging L Catterton's four decades of expertise in building global packaged food brands like Cholula Hot Sauce, Farmley, Ferrara Candy Company, Kettle Foods, and others, combined with Mehta's 25 years at Unilever, to drive Haldiram's market leadership in India, international expansion under an 'India for the World' vision, and initiatives in brand building, new product development, supply chain and distribution optimization, geographic expansion, and talent development. The partnership positions Haldiram's to capitalize on India's flourishing consumer market amid competitive packaged snacks dynamics. |
| Mar 2025 | Undisclosed stage | Temasek (lead); IHC; Alpha Wave Global | $1.6B | $10B | Haldiram Snacks Foods Private Ltd, India's largest packaged snacks and sweets company formed by merging Delhi and Nagpur family businesses, secured a minority investment from Temasek Holdings in March 2025 at a $10 billion valuation. Temasek acquired close to a 10% stake for about $1 billion, following negotiations where other bidders like Bain Capital and Blackstone withdrew over valuation disagreements. The deal values the unified entity HSFPL at $10 billion (Rs 83,500-85,700 crore) and sets a benchmark ahead of a potential IPO in 2026. The company reported Rs 14,000 crore revenue in FY24 with 20-21% EBITDA margins and 16-17% CAGR, holding over 40% market share in India's savoury snacks segment estimated at $6.2 billion. Haldiram produces 500+ products including namkeen, sweets, and ready-to-eat foods, sold in 80-100 countries with expansion focus on US, UK, and Middle East. Additional 5% stake sale discussions with investors like Alpha Wave Global and Blackstone are underway for $500 million to fuel growth. |
Who has invested in Haldiram Snacks?
4 investors have backed Haldiram Snacks across its funding rounds, including Temasek, L Catterton, Alpha Wave Global and IHC.
Lead investors include Temasek.
Haldiram Snacks Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Mar 2025 | ||
| 1 | Participant | Mar 2025 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialHaldiram Snacks Competitors
Haldiram Snacks competitors include listed companies like Orkla, BUA Foods, China Mengniu Dairy and WH Group HK, and private ones like HeyTea and Xingsheng Youxuan.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7.7B | $1.4B | $10B | 1.7x | ||
| Publicly listed | $1.3B | $421M | $10B | 8.3x | ||
| Publicly listed | $12B | $956M | $9.8B | 0.9x | ||
| Publicly listed | $28B | $3.3B | $10B | 0.5x | ||
| Private | $58M | - | $9B | - | ||
| Private | $704M | - | $12B | - |
Haldiram Snacks Public Comps
Haldiram Snacks is still privately-owned, but its public comps include Orkla, BUA Foods, China Mengniu Dairy, WH Group HK, Kikkoman, Tata Consumer Products, Suntory, Marico, Master Kong and Almarai.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.7B | $1.4B | 1.6x | 1.7x | 9.3x | 11.6x | |||
| $1.3B | $421M | 7.8x | 8.3x | 24.5x | - | |||
| $12B | $956M | 0.9x | 0.9x | 12.0x | 8.2x | |||
| $28B | $3.3B | 0.5x | 0.5x | 4.0x | 4.4x | |||
| $4.7B | $654M | 2.2x | 2.1x | 15.7x | 14.6x | |||
| $2.1B | $298M | 5.0x | 4.6x | 35.9x | 33.0x | |||
| $11B | $1.5B | 0.8x | 0.8x | 6.2x | 5.9x | |||
| $1.4B | $263M | 7.5x | 7.0x | 40.8x | 38.6x | |||
This data is available for Pro users. Sign up to see all Haldiram Snacks competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Haldiram Snacks
| When was Haldiram Snacks founded? | Haldiram Snacks was founded in 1937. |
| Where is Haldiram Snacks headquartered? | Haldiram Snacks is headquartered in Noida, India. |
| Is Haldiram Snacks publicly listed? | No, Haldiram Snacks is a private, VC-backed company. |
| What is Haldiram Snacks' valuation? | Haldiram Snacks was last valued at $10B in its undisclosed-stage round in December 2025. |
| How much funding has Haldiram Snacks raised? | Haldiram Snacks has raised $1.6B across 2 funding rounds. |
| What was Haldiram Snacks' last funding round? | Haldiram Snacks' last funding round was a undisclosed-stage round in December 2025. |
| Who are Haldiram Snacks' investors? | Haldiram Snacks' investors include Temasek, IHC, L Catterton and Alpha Wave Global. |
| What is Haldiram Snacks' revenue? | Haldiram Snacks' latest recorded revenue is $1.4B (December 2025). |
| What is Haldiram Snacks' revenue multiple? | Haldiram Snacks' latest valuation implies a 7.2x revenue multiple ($10B valuation on $1.4B of revenue). |
| Which companies are comparable to Haldiram Snacks? | Companies comparable to Haldiram Snacks include Orkla, BUA Foods, China Mengniu Dairy, WH Group HK, HeyTea and Xingsheng Youxuan. |
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