Archive · 7 Jan 2026
Apax invests in iD Fresh Food
Apax Funds, a big global investment company, has bought a big part of iD Fresh Food, a company that makes fresh, ready-to-cook foods like idli and dosa batter.
This is Apax's first investment in a consumer brand in India.
iD Fresh Food is planning to go public in 2027 and aims to make ₹1,100 crore in revenue next year.
The company is known for its strong distribution network and focus on fresh, preservative-free foods.
Apax's expertise is expected to help iD Fresh Food grow internationally, especially in the Gulf markets.
The company's CEO, PC Musthafa, sees this as a big moment for the company's growth and future.
Apax Funds acquires a significant minority stake in iD Fresh Food, marking its first consumer brand investment in India.
iD Fresh Food aims to achieve ₹1,100 crore in global revenue in the next financial year with an EBITDA guideline of close to 20%.
The company plans to go public in October 2027 after delivering its FY27 numbers.
iD Fresh Food operates in over 200 cities in India and plans to expand to another 100 cities this year.
The company's competitive advantage lies in its daily direct-to-retailer cold-chain model, which is difficult to replicate at scale.
- Who
- Apax Funds, iD Fresh Food, PC Musthafa (Chairman and CEO)
- What
- Apax Funds acquires a significant minority stake in iD Fresh Food
- When
- Details not specified, IPO planned for October 2027
- Where
- India, with plans for international expansion, particularly in the Gulf markets
- Why
- To support iD Fresh Food's growth, international expansion, and IPO preparation
- Company
- iD Fresh Food
- Investor
- Apax Funds
- Revenue Target
- ₹1,100 crore (FY25)
- Market Share
- 50–60% in core categories
- IPO Target
- October 2027
- Distribution Reach
- 200+ cities in India
- EBITDA Guideline
- Close to 20%
- Competitive Advantage
- Daily direct-to-retailer cold-chain model