Advent takes minority stake in Iscon Balaji Foods via $215M Series A with 360 ONE
Advent International has invested $150M for a significant minority stake in Gujarat-based Iscon Balaji Foods, anchoring a $215M Series A alongside 360 ONE. The frozen potato products maker, which supplies QSR chains, is channeling capital into a new Gujarat processing facility to scale capacity over the next six months.
Advent International invests $150M for significant minority stake in Gujarat-based Iscon Balaji Foods, part of $215M Series A with 360 ONE. IBF, a frozen potato products maker supplying QSRs, is expanding processing capacity with new Gujarat facility.
Why this matters
Marks Iscon Balaji Foods' first major institutional capital raise, with Advent anchoring a $215M Series A to fund Gujarat capacity expansion serving QSR demand for frozen potato products.
Retail-company signals steady at 582 over the past 90 days.