Advent pumps $150M into Iscon Balaji Foods, anchoring $215M round for frozen potato scale-up

Gujarat-based Iscon Balaji Foods lands a $215M round led by Advent International ($150M) with 360 ONE, taking a significant minority stake. Capital targets capacity expansion and supply-chain upgrades to feed India's QSR frozen potato demand. FY25 revenue stood at ₹1,488.9 cr with net profit of ₹165.23 cr.

— Filed Tue, 19 May, 2026, 11:30 IST · Source Mint · Updated

Advent International invests $150 million for a significant minority stake in Gujarat-based Iscon Balaji Foods, part of a $215 million round with 360 ONE, funding capacity expansion and supply-chain upgrades for India's frozen potato QSR ecosystem.

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