Apax Partners bought a 25% stake in Indian food company iD Fresh for $150 million, valuing it at $609 million.

Apax Partners has acquired a 25% minority stake in Indian ready-to-cook food company iD Fresh Food for $150 million, valuing the Bengaluru-based firm at $609 million. The investment, announced January 5, 2026, marks Apax’s first Indian deal in over a year and supports iD Fresh’s expansion in India and international markets. The company, founded in 2005, reported strong financial growth, with net profit rising to ₹50.8 crore in FY25 and revenue reaching ₹681.4 crore. Funds will be used for capacity expansion, product diversification, and supply chain improvements. iD Fresh operates in over 50 Indian cities and the Gulf, offering batters, flatbreads, chutneys, and dairy items, and holds a dominant market share in branded batter. Existing investors PremjiInvest and TPG NewQuest retain stakes, with PremjiInvest remaining the largest shareholder.