Alternative asset manager 360 ONE Asset is set to invest around $70 million in Iscon Balaji Foods Limited (IBF), one of India’s leading potato processors and exporters of value-added potato products, the company said on Thursday.
The investment will support IBF’s next phase of growth, including plans to significantly expand its farmer network. The company aims to work with more than 25,000 farmers over the next three years, strengthening rural incomes and building a more resilient and scalable agri-supply chain.
Founded in 2013, Iscon Balaji Foods operates a fully integrated, export-oriented platform covering seed development, farmer partnerships, large-scale processing and global distribution. Over the past decade, IBF has emerged as one of the world’s top 10 frozen potato processors, supplying major quick service restaurant (QSR) and foodservice clients across India, Southeast Asia, the Middle East and the Far East.
Neel Kotak, Managing Director and Chief Executive Officer of Iscon Balaji Foods, said the partnership would help accelerate the company’s global ambitions. “Over the last decade, we have focused on building a globally competitive, integrated food platform from India. We look forward to working closely together as we continue to scale IBF into a leading global food processing company,” he said.
360 ONE Asset said the investment aligns with its strategy of backing category leaders with strong fundamentals and long-term growth potential.
“This investment embodies our consumer strategy of supporting scaled leaders in their categories, driven by exceptional founders,” said Tarun Sharma, Senior Fund Manager and Strategy Head for Consumer & Healthcare at 360 ONE Asset.
With the fresh capital, IBF plans to deepen farmer engagement, expand processing capabilities and strengthen its international footprint, positioning itself for sustained growth in the global frozen and processed foods market.