Haldiram Bhujiawala Raises Rs 235 Crore from Bharat Value Fund via Minority Stake Sale
Haldiram Bhujiawala, the famous Kolkata-based snack brand, has received a ₹235 crore investment from Bharat Value Fund (BVF), led by Pantomath Capital. This strategic investment aims to fuel Haldiram Bhujiawala’s ambitious plans to expand its manufacturing capabilities and enter new markets beyond its stronghold in eastern and northeastern India. The company, known for its popular ‘Prabhuji’ brand, which offers over 100 stock-keeping units (SKUs), is set to grow its distribution network and product offerings. BVF, managed by Madhu Lunawat, focuses on , growth-stage companies and sees this as a perfect opportunity to back a family-run business with a rich legacy. Haldiram Bhujiawala hopes to make over Rs 600 crore in sales by the end of the fiscal year 2025 with the help of these funds. With a network of 19 retail outlets, 60 franchise stores, and 2,000 distributors serving more than two lakh retailers nationwide, the company is poised for continued success. This investment is BVF’s sixth in a lineup of growth-focused companies, establishing a strong foundation for Haldiram Bhujiawala to deliver long-term value for all stakeholders.
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