PE-VC Fund Investments
Apax Partners acquires minority stake in iD Fresh Food via secondary deal
Bengaluru-based iD Fresh Food has received funding from Apax Partners LLP, in return for a minority stake acquired from existing shareholders Premji Invest and TPG NewQuest.Both Premji Invest and TPG NewQuest will continue to retain part stakes alongside iD Fresh Food’s co-founder, PC Musthafa, and his family members.Founded in 2005, iD Fresh Food primarily sells dosa and idli batter. Its product portfolio also includes Indian flatbreads, accompaniments such as chutneys and sambar, and value-added dairy products. Currently, it operates in more than 50 cities across India and the Gulf region, employing approximately 2,400 individuals.
Between 2014 and 2021 , ID Fresh Foods had attracted about USD 100 M from PremjiInvest, TPG Newquest, Helion Ventures, Peak XV Partners.For FY25, ID Fresh Foods had reported about 35.11 INR Cr in Operating Income and about 50.75 INR Cr in PAT.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
