India’s iD Fresh Food gets Apax backing

Core Insights - iD Fresh Food has secured investment from funds advised by Apax Partners to accelerate its growth [1][2] - The company, established in 2005, specializes in refrigerated, ready-to-cook Indian food products and has a distribution network across over 50 cities in India and the Gulf states [1][2] Investment Details - The Apax funds will acquire a significant minority stake from existing shareholders Premji Invest and TPG NewQuest, who will continue to invest alongside co-founder and CEO PC Musthafa [2] - The investment is expected to enhance iD Fresh's capacity, product range, and market presence [2] Growth Strategy - iD Fresh Food has reported consistent and profitable growth over the past few years and currently employs nearly 2,400 people [2] - Apax Partners plans to leverage its expertise in consumer-packaged goods to support iD Fresh in expanding distribution, strengthening branding, driving innovation, and optimizing the supply chain through technology and analytics [3]