360 ONE Asset, the investment arm of 360 ONE WAM, has committed about $70 million (approximately Rs 580 crore) to Iscon Balaji Foods Limited (IBF), a leading potato processing and export company in India. The capital infusion targets acceleration of IBF’s growth strategy across capacity, supply chain, and international market reach.
IBF, founded in 2013, operates an integrated farm-to-fork model that includes seed development, contract farming, large-scale processing, and global distribution. The company is among the world’s top ten frozen potato processors and serves significant foodservice clients, including quick-service restaurant chains across India and key export markets in Southeast Asia, the Middle East, and East Asia.
The investment will support capacity expansion, enhance cold-chain and processing infrastructure, and broaden IBF’s portfolio of value-added products. A core objective is to expand the company’s farmer network to over 25,000 growers within three years, strengthening rural linkages and supply traceability.
From the investor perspective, 360 ONE Asset’s senior fund manager said the deal aligns with its strategy of backing category leaders with strong fundamentals and scalable global potential. The funding underscores rising investor confidence in India’s food processing sector, a segment benefiting from structural demand and export opportunity growth.
