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360 ONE Asset commits $70M to expand India’s potato processing leader Iscon Balaji Foods
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Monday, 19 January, 2026, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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In a significant vote of confidence in India’s food processing sector, 360 ONE Asset, the investment arm of 360 ONE WAM, has announced a $70 million (approximately ?580 crore) investment in Iscon Balaji Foods Limited (IBF), a major player in the country’s potato processing and export industry. The strategic funding marks one of the largest private investments in the value-added potato segment in recent years and underscores sustained investor interest in agricultural supply chains and processed foods.
Founded in 2013, IBF has built a fully integrated, export-oriented business model that spans seed development, contract farming, high-volume processing and global distribution. Over the past decade, the company has emerged as one of the top 10 frozen potato processors worldwide, supplying key quick-service restaurant (QSR) chains and foodservice clients across India, Southeast Asia, the Middle East and East Asia.
According to the company, a key aim of this capital infusion is to expand its farmer network to more than 25,000 growers over the next three years—more than doubling the current footprint. This expansion is expected to bolster rural incomes through deeper partnerships and improved supply chain resilience, as well as strengthen the quality and traceability of raw material sourcing.
Neel Kotak, managing director & CEO of Iscon Balaji Foods, said the partnership with 360 ONE Asset will help accelerate the company’s ambitions to scale further both domestically and internationally. The fresh funding is also earmarked for enhancing processing capacity, upgrading cold-chain infrastructure, and introducing a wider portfolio of value-added products.
From the investor’s perspective, 360 ONE Asset’s senior fund manager Tarun Sharma highlighted that the deal aligns with the firm’s strategy of backing category leaders with strong fundamentals and growth potential. The move reinforces broader confidence in India’s evolving food processing ecosystem, where growing consumer demand and export opportunities are driving robust investment flows.
This strategic capital commitment not only boosts IBF’s growth trajectory but also signals expanding investor appetite for scalable agribusiness platforms that bridge farm-to-fork value chains in India’s vibrant F&B sector.
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