.Agent ImageMumbai: Mo Second Assets Advisors (MO Alts), the alternative financial investment arm of Motilal Oswal Financial Services, is investing Rs 330 crore to acquire a 25% stake in Lal Sweets, a Bengaluru-based creator of packaged sugary foods as well as other food items items.The provider markets a range of items featuring Indian sugary foods, pastry shop items (biscuits, pie toast, baklava), and select mouth-watering snacks.Lal Sweets follows an omni-channel technique, selling its items across 4,000 modern field outlets, 7,000 general business shops, quick-commerce systems, shopping systems, and also its personal site, depending on to the firm. It additionally functions a travel-focused retail company with 40 channels at numerous airport terminals in the country.Lal Sugary foods was actually urged through Veda Corporate Advisors. "Our emphasis gets on delivering real and constant taste to consumers," mentioned Prateek Athwani, marketer of Lal Sweets." India's packaged desserts room is observing a fast double-digit development, driven through boosted pay attention to comfort as well as care, uptick in gifting use-cases, switch coming from unbranded to branded actions, and pull of premium products at attractive pricing," mentioned Vijay Dhanuka, managing director and head of customer market at MO Alts.
Published On Aug 28, 2024 at 05:11 PM IST.
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