Prateek Athwani Archives - Business of Food https://www.businessoffood.in/tag/prateek-athwani/ Latest Food News, Food Industry News & Business Update Fri, 12 Sep 2025 09:45:12 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.businessoffood.in/wp-content/uploads/2024/01/cropped-Food-in-32x32.png Prateek Athwani Archives - Business of Food https://www.businessoffood.in/tag/prateek-athwani/ 32 32 227603187 How Festive Gifting Powers India’s Food Economy https://www.businessoffood.in/how-festive-gifting-powers-indias-food-economy/ Tue, 09 Sep 2025 09:15:32 +0000 https://www.businessoffood.in/?p=11887 Every year, India’s festive calendar unfurls like a carnival of color, emotion, and commerce. Beginning with Rakhi and Janmashtami in August, stretching through Ganesh Chaturthi, Navratri, and Dussehra, reaching its crescendo with Diwali, and culminating in Christmas and New Year, these months are unlike any other for the retail and food economy. In homes, the […]

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]]> 11887 Motilal Oswal Invests Rs 330 Crore in Lal Sweets https://www.businessoffood.in/motilal-oswal-invests-rs-330-crore-in-lal-sweets/ Thu, 29 Aug 2024 09:09:33 +0000 https://www.businessoffood.in/?p=5762 Motilal Oswal Investment Advisors has invested Rs 330 crore for a minority stake in Lal Sweets, one of India’s leading confectionery brands. The investment was arranged by a unit of Motilal Financial Services, which manages private equity and real estate funds, and has a cumulative AUM (Asset Under Management) of USD 2 billion. Prateek Athwani, the promoter […]

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]]> Motilal Oswal Investment Advisors has invested Rs 330 crore for a minority stake in Lal Sweets, one of India’s leading confectionery brands. The investment was arranged by a unit of Motilal Financial Services, which manages private equity and real estate funds, and has a cumulative AUM (Asset Under Management) of USD 2 billion.

Prateek Athwani, the promoter of Lal Sweets, reiterated the brand’s dedication to delivering authentic and consistent taste to its customers. Vijay Dhanuka from MO Alts noted the rapid growth of India’s packaged sweets market, fueled by convenience, hygiene, gifting trends, and a shift from unbranded to branded products.

Lal Sweets offers a diverse range of products, including traditional Indian sweets, bakery items like cookies and cake toast, as well as savory snacks. The company distributes its products through multiple channels, including 4,000 modern trade outlets, 7,000 general trade stores, quick-commerce and e-commerce platforms, and its own website. Additionally, Lal Sweets operates 40 retail outlets at airports across India.

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]]> 5762 Lal Sweets To Raise $40 Million from PE Investors https://www.businessoffood.in/lal-sweets-to-raise-40-million-from-pe-investors/ Wed, 03 Jul 2024 08:52:03 +0000 https://www.businessoffood.in/?p=4927 Lal Sweets, a Bengaluru-based sweets and snacks company, is in discussions to raise approximately $40 million from private equity (PE) investors, according to a report by The Mint. The company, known for its range of sweets, cookies, and savory snacks, has received an initial offer from the private equity division of the Motilal Oswal Group, […]

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]]> Lal Sweets, a Bengaluru-based sweets and snacks company, is in discussions to raise approximately $40 million from private equity (PE) investors, according to a report by The Mint.

The company, known for its range of sweets, cookies, and savory snacks, has received an initial offer from the private equity division of the Motilal Oswal Group, as per the report.  The fundraising will involve both new capital and the sale of some shares by the company’s promoters.

Lal Sweets has enlisted an investment bank to assist with the fundraising efforts. This marks the company’s first attempt to secure external investment since its founding in 2010.

Founded by Prateek Athwani, Lal Sweets is one of the leading brands in the sweets and savory segment, with a presence in general trade, modern trade, online marketplaces, exclusive airport outlets, and the export market. The company is well-known for its popular products such as Mysore Pak, Besan Laddoo, Kaju Katli, and Dharwad Peda.

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