Advent puts $150M into Iscon Balaji Foods, anchoring $215M Series A for QSR supply push
Advent International has taken a significant minority stake in Gujarat-based frozen potato products maker Iscon Balaji Foods with a $150M cheque, part of a $215M Series A alongside 360 ONE. Funds will bankroll a new manufacturing facility and expanded QSR supply over the next six months.
Advent International invests $150M for a significant minority stake in Gujarat-based frozen potato products maker Iscon Balaji Foods, part of a $215M Series A with 360 ONE. Capital backs new manufacturing facility and QSR supply expansion.
Why this matters
Caps a sequence of disclosures around Iscon Balaji Foods' Series A, confirming Advent's $150M anchor inside the $215M round with 360 ONE and tying use of proceeds to a new plant and QSR supply expansion.
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