Advent buys minority in Iscon Balaji Foods at $150M, anchoring $215M round with 360 One
Gujarat-based Iscon Balaji Foods, maker of Hungritos frozen potato snacks and a QSR supplier, lands $150M from Advent within a $215M round co-backed by 360 One. Capital targets capacity in the $60B global frozen potato market, where IBF competes with McCain and HyFun.
Advent acquired a minority stake in Gujarat-based Iscon Balaji Foods for $150 million, part of a $215 million round also backed by 360 One. IBF makes frozen potato snacks, retails Hungritos brand, and supplies QSRs.