Lal Sweets to raise Rs.330-Cr from MO Alternatives

MO Alternate Investment Advisors (MO Alts) is to invest INR 330 crore for a 25% stake in Lal Sweets , a Bengaluru-based maker of packaged sweets that also sells bakery items (cookies, cake toast, baklava), and select savoury snacks. Lal Sweets was advised by Veda Corporate Advisors.Lal Sweets retails its products across 4,000 modern trade outlets, 7,000 general trade outlets, quick-commerce platforms, e-commerce platforms, besides on its own website. It also operates 40 outlets at airports.