.Representative ImageMumbai: Mo Second Assets Advisors (MO Alts), the alternate financial investment arm of Motilal Oswal Financial Solutions, is actually committing Rs 330 crore to get a 25% stake in Lal Desserts, a Bengaluru-based creator of packaged sugary foods and various other meals items.The company offers a range of products featuring Indian sweets, pastry shop things (biscuits, birthday cake toast, baklava), and also pick mouth-watering snacks.Lal Desserts observes an omni-channel strategy, retailing its own products around 4,000 modern-day business outlets, 7,000 standard field shops, quick-commerce systems, ecommerce platforms, and its very own site, depending on to the company. It also runs a travel-focused retail organization with 40 outlets at various airports in the country.Lal Sugary foods was urged through Veda Corporate Advisors. "Our emphasis is on providing genuine as well as consistent taste to customers," claimed Prateek Athwani, promoter of Lal Sweets." India's packaged sugary foods room is witnessing a fast double-digit development, driven by improved focus on benefit and also hygiene, uptick in gifting use-cases, shift from unbranded to branded actions, as well as pull of high quality items at attractive costs," said Vijay Dhanuka, dealing with supervisor and also head of consumer industry at MO Alts.
Posted On Aug 28, 2024 at 05:11 PM IST.
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