.Representative ImageMumbai: Mo Second Financial Investment Advisors (MO Alts), the different assets arm of Motilal Oswal Financial Companies, is putting in Rs 330 crore to acquire a 25% concern in Lal Desserts, a Bengaluru-based maker of packaged sugary foods and also various other food items.The business sells a wide array of items consisting of Indian sugary foods, bake shop items (cookies, covered salute, baklava), as well as select mouth-watering snacks.Lal Sweets follows an omni-channel tactic, retailing its own items around 4,000 modern-day business stores, 7,000 overall profession shops, quick-commerce systems, ecommerce platforms, and its own website, according to the company. It additionally functions a travel-focused retail company along with 40 electrical outlets at various flight terminals in the country.Lal Sweets was advised through Veda Corporate Advisors. "Our emphasis is on supplying genuine and also steady flavor to consumers," stated Prateek Athwani, marketer of Lal Sweets." India's packaged desserts space is watching a fast double-digit development, driven through enhanced pay attention to convenience and also hygiene, uptick in gifting use-cases, switch coming from unbranded to branded plays, as well as pull of quality products at desirable pricing," claimed Vijay Dhanuka, managing supervisor as well as chief of individual field at MO Alts.
Published On Aug 28, 2024 at 05:11 PM IST.
Sign up with the area of 2M+ sector professionals.Sign up for our email list to acquire most current knowledge & study.
Install ETRetail App.Obtain Realtime updates.Spare your preferred posts.
Browse to download App.