Tag: Allana Group

Allana Group Picks Up Minority Stake in Consumer Giant LT Foods

Allana Group Picks Up Minority Stake in Consumer Giant LT Foods

News
New Delhi: The Allana Group, exporter of processed food products and agro commodities, has picked up a minority stake in LT Foods, a leading consumer products company in India. The Group has picked up a one per cent stake in LT Foods with an investment of Rs 20 crore. Announcing the acquisition, the group said that both companies have plans to use their synergies and technology transfer to expand LTs consumer products business to focus on value-added and impulse products. The Allana Group distributes premium brands such as London Dairy Ice Cream, Sunny Oil, and Pristine Bakery. It is India’s largest exporter of frozen and chilled meat, processed and frozen fruit and vegetable products, coffee, spices and cereals to over 85 countries. The group is making several strategic investments in...
FreshToHome Raises $121 Mn in Series C Round

FreshToHome Raises $121 Mn in Series C Round

Investment, News
Bangalore, Oct. 27, 2020: FreshToHome, a fully integrated online brand in fresh fish and meat e-commerce has raised $121M in Series C funding led by Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, Investcorp, a leading global manager of alternative investments, Ascent Capital, a leading India-focused growth capital provider,  U.S. Government’s development finance institution, DFC, the Allana Group and other investors. Iron Pillar, the lead investor from Series B participated in this round with a significant investment of $19M. Barclays was an advisor for the transaction. “COVID-19 transformed the fish and meat purchasing behaviour of consumers dramatically. Due to safety concerns, consumers made t...