Avendus Capital advises Iscon Balaji Foods on its USD 150 mn investment by Advent International

We have spent years building IBF into a business that can compete on the global stage – investing in the right systems, talent and capital discipline, because we believe that is what it takes to win in this category. Advent is the right partner for what comes next, bringing not just capital, but a strategic sounding board on the big decisions ahead, valuable relationships, and deep operational expertise from scaling businesses internationally. We are very excited about this next chapter of growth together.

Over the years, IBF has been built with a long term mindset, with strong emphasis on relationships, governance and disciplined growth. We are pleased to welcome Advent as a partner for the next phase of the company’s journey.

We are delighted to continue our partnership with Neel and the IBF team on this milestone fundraise. IBF has established itself as one of India's leading food processing platforms, combining deep farmer-linked sourcing with high-quality manufacturing. With rising global demand across the frozen and value added foods segment, and continued investment in capacity, IBF is strongly positioned to deepen its footprint across international and domestic markets.