L Catterton launches first India fund, betting on healthy snacking and branded foods
The consumer-focused PE firm sees India at a 'snacking renaissance,' expecting packaged foods to double over the next decade from 15% of food consumption today. Backed by prior stakes in Haldiram, Farmlink and Healing Apps, it targets a market lagging developed peers at 60-70%.
L Catterton launches its first dedicated India fund, betting on healthy snacking and branded foods. Having invested in Haldiram, Farmlink and Healing Apps, it foresees India's packaged-foods market doubling over the next decade amid a 'snacking renaissance'.