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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Decades-old spices and condiments businesses are in demand and investors, from private equity to venture capital, want a taste.
Editor's note: There were bids from the who’s who of global investment firms. At the top of the list were The Carlyle Group, KKR & Co. and TA Associates, as well as Norwegian food company Orkla Foods. The target was Kolkata-based spice and condiments company Sunrise Foods—a business almost seven decades old, owned by a bunch of family members who wanted to call it quits and pursue their individual ambitions. The process went on for months, coordinated by investment bank JM Financial. And about a couple of months ago, the Indian conglomerate ITC Group took Sunrise home. The valuation hasn’t been disclosed but the ballpark figure is upwards of Rs 2,000 crore. Sunrise Foods is not an isolated example where investors emerged in flocks to buy a regional business like this. Between large corporations, private equity and venture capital, investors are scanning the age-old spices industry like never before. Just last month, venture capital firm A91 Partners invested Rs 125 crore in Indore-based spices brand Pushp. Others like Pune-based Suhana Spices, Mumbai-based Badshah Masala and Kanpur’s Goldiee Group too have seen investment …
Decades-old spices and condiments businesses are in demand and investors, from private equity to venture capital, want a taste.
Editor's note: There were bids from the who’s who of global investment firms. At the top of the list were The Carlyle Group, KKR & Co. and TA Associates, as well as Norwegian food company Orkla Foods. The target was Kolkata-based spice and condiments company Sunrise Foods—a business almost seven decades old, owned by a bunch of family members who wanted to call it quits and pursue their individual ambitions. The process went on for months, coordinated by investment bank JM Financial. And about a couple of months ago, the Indian conglomerate ITC Group took Sunrise home. The valuation hasn’t been disclosed but the ballpark figure is upwards of Rs 2,000 crore. Sunrise Foods is not an isolated example where investors emerged in flocks to buy a regional business like this. Between large corporations, private equity and venture capital, investors are scanning the age-old spices industry like never before. Just last month, venture capital firm A91 Partners invested Rs 125 crore in Indore-based spices brand Pushp. Others like Pune-based Suhana Spices, Mumbai-based Badshah Masala and Kanpur’s Goldiee Group too have seen investment …
Vish Narain of Pulsar Capital on spotting real synergies between India and the Gulf, and why many entrepreneurs read the market wrong.
The country’s changing market dynamics are pushing consumer goods giants to acquire young startups. We look at why—and whether—it works for both sides.
Co-founder Lisa Suwal talks about how she scaled a family deli-meat business without a single rupee of venture capital and her decision to sell to ITC.
Vish Narain of Pulsar Capital on spotting real synergies between India and the Gulf, and why many entrepreneurs read the market wrong.
The country’s changing market dynamics are pushing consumer goods giants to acquire young startups. We look at why—and whether—it works for both sides.
Co-founder Lisa Suwal talks about how she scaled a family deli-meat business without a single rupee of venture capital and her decision to sell to ITC.
