Frying High: Advent Invests $150M in Iscon Balaji Foods

Advent International will invest $150 million for a significant minority stake in Iscon Balaji Foods, an Indian manufacturer and exporter of processed frozen potato products.

The investment is part of Iscon Balaji Foods’ $215 million Series A funding round, which also saw participation from 360 ONE WAM Ltd.

Founded in 2012, Iscon Balaji Foods produces a broad portfolio of frozen potato products, including French fries, hash browns, coated fries and other specialty items. The company serves both domestic and international markets within the processed food industry.

News by Rahul Yelligetti.