HyFun Foods plans 208 million dollar India IPO
McDonalds supplier HyFun Foods plans to raise up to 20 billion rupees in an initial public offering by late 2028. The frozen foods maker aims to fund capacity expansion as local demand for processed meals surges across India.
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Frozen-foods supplier HyFun Foods plans to raise up to 20 billion rupees ($207.7 million) in an IPO by late 2028. The move targets surging demand from restaurants and quick-delivery platforms in India. CEO Haresh Karamchandani said preparations for the initial public offering will start in mid-2027.
