Haldiram Bhujiawala, a snack brand headquartered in Kolkata, announced a funding round valued at ₹235 crore, according to reporting from the Economic Times. Pantomath Capital Management purchased a majority stake in the company.
The company primarily focuses on manufacturing sweets and savory snacks. Haldiram Bhujiawala is family-owned and operates several independently operated businesses. Its Prabhuji Pure Food brand retails over 100 products and operates quick-service restaurants across various northeastern states.
Haldiram Bhujiawala’s distribution network of around 2,000 distributors serves more than two hundred thousand retailers across the country. The company operates 19 retail outlets and 60 franchise stores across West Bengal, Bihar, Jharkhand and the northeastern regions, the same article mentioned.
With its latest capital injection, Haldiram Bhujiawala will expand its manufacturing capabilities and grow its presence into markets beyond eastern and northeastern India. The company is currently profitable with hopes to exceed revenue of ₹600 crore by the end of 2025, according to an investor.
