Advent takes minority stake in Iscon Balaji Foods via $215M Series A with 360 ONE
Advent International has invested $150M for a significant minority stake in Gujarat-based Iscon Balaji Foods, anchoring a $215M Series A alongside 360 ONE. The frozen potato products maker, which supplies QSR chains, is channeling capital into a new Gujarat processing facility to scale capacity over the next six months.
What happened
Advent International invests $150M for significant minority stake in Gujarat-based Iscon Balaji Foods, part of $215M Series A with 360 ONE. IBF, a frozen potato
Key facts
- $150 million
- $215 million Series A
- 6 months
Why this matters
Iscon Balaji's well-capitalized expansion narrows the window to partner or acquire mid-tier frozen processors before consolidation accelerates.