.Rep ImageMumbai: Mo Second Investment Advisors (Month Alts), the alternate assets upper arm of Motilal Oswal Financial Companies, is putting in Rs 330 crore to get a 25% risk in Lal Sugary foods, a Bengaluru-based manufacturer of packaged desserts and other meals items.The company offers a variety of items including Indian desserts, bakery products (cookies, covered tribute, baklava), and select savoury snacks.Lal Sweets observes an omni-channel approach, retailing its own items all over 4,000 contemporary profession stores, 7,000 basic business stores, quick-commerce systems, e-commerce platforms, as well as its personal site, depending on to the provider. It additionally runs a travel-focused retail organization along with 40 outlets at numerous flight terminals in the country.Lal Sweets was advised through Veda Corporate Advisors. "Our focus gets on providing genuine as well as consistent taste to consumers," claimed Prateek Athwani, promoter of Lal Sweets." India's packaged desserts space is witnessing a swift double-digit growth, driven through increased pay attention to comfort and cleanliness, uptick in gifting use-cases, switch coming from unbranded to branded actions, and pull of high quality items at attractive pricing," mentioned Vijay Dhanuka, handling supervisor and director of consumer market at MO Alts.
Published On Aug 28, 2024 at 05:11 PM IST.
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