.Agent ImageMumbai: Mo Second Financial Investment Advisors (MO Alts), the alternate financial investment arm of Motilal Oswal Financial Providers, is investing Rs 330 crore to acquire a 25% risk in Lal Desserts, a Bengaluru-based maker of packaged sweets and various other food items items.The company offers a wide array of items featuring Indian sweets, bakeshop products (cookies, cake tribute, baklava), and also select delicious snacks.Lal Sugary foods adheres to an omni-channel approach, retailing its products around 4,000 modern-day profession stores, 7,000 overall profession shops, quick-commerce systems, shopping systems, and its very own website, depending on to the provider. It additionally runs a travel-focused retail company with 40 channels at several airport terminals in the country.Lal Desserts was actually encouraged by Veda Corporate Advisors. "Our emphasis performs supplying genuine and regular flavor to customers," mentioned Prateek Athwani, promoter of Lal Sweets." India's packaged sugary foods space is witnessing a swift double-digit growth, driven by improved focus on benefit and care, uptick in gifting use-cases, shift from unbranded to branded plays, as well as pull of premium products at eye-catching prices," claimed Vijay Dhanuka, taking care of director as well as director of consumer field at MO Alts.
Published On Aug 28, 2024 at 05:11 PM IST.
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