.Representative ImageMumbai: Month Alternate Assets Advisors (MO Alts), the alternative investment arm of Motilal Oswal Financial Providers, is investing Rs 330 crore to get a 25% stake in Lal Sugary foods, a Bengaluru-based manufacturer of packaged sugary foods as well as various other food items.The business offers a range of products including Indian sugary foods, bake shop products (biscuits, birthday cake toast, baklava), and choose savoury snacks.Lal Sweets follows an omni-channel tactic, retailing its own items across 4,000 contemporary field outlets, 7,000 basic business shops, quick-commerce platforms, ecommerce platforms, and also its very own website, according to the company. It additionally works a travel-focused retail company with 40 channels at a variety of airports in the country.Lal Sugary foods was advised through Veda Corporate Advisors. "Our focus gets on giving authentic and steady taste to buyers," claimed Prateek Athwani, marketer of Lal Sweets." India's packaged desserts room is actually watching a fast double-digit growth, steered through enhanced focus on ease and also cleanliness, uptick in gifting use-cases, shift from unbranded to branded plays, and pull of top quality products at eye-catching rates," mentioned Vijay Dhanuka, dealing with director as well as head of customer sector at month Alts.
Released On Aug 28, 2024 at 05:11 PM IST.
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