Motilal Oswal’s alternative investment arm, MO Alts, is investing ₹330 crore to buy a 25% stake in Lal Sweets, a Bengaluru-based company known for its packaged sweets and other food items.
Lal Sweets offers a wide range of products, including traditional Indian sweets, bakery items like cookies and cake toast, as well as savory snacks. The company sells its products through various channels, including 4,000 modern trade outlets, 7,000 general trade stores, quick-commerce and e-commerce platforms, and its own website. They also have 40 retail outlets at airports across India.
Prateek Athwani, the promoter of Lal Sweets, emphasized their commitment to delivering authentic and consistent taste to customers. Vijay Dhanuka from MO Alts highlighted the fast growth of India’s packaged sweets market, driven by convenience, hygiene, gifting trends, and a shift from unbranded to branded products.
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