360 ONE Asset will invest approximately $70 million in Iscon Balaji Foods Limited (IBF) — India’s leading potato processor and exporter of value-added potato products, the company said.

Founded in 2013, IBF operates a fully integrated, export-oriented platform spanning seed development, farmer partnerships, large-scale processing, and global distribution. Over the past decade, the company has grown into one of the world’s top 10 frozen potato processors, supplying leading QSR and foodservice customers across India, Southeast Asia, the Middle East, and the Far East, it said.

Neel Kotak, Managing Director & CEO, Iscon Balaji Foods, said, “Over the last decade, we have focused on building a globally competitive, integrated food platform from India. We look forward to working closely together as we continue to scale IBF into a leading global food processing company.”

With this investment, IBF plans to expand this network to over 25,000 farmers over the next three years, strengthening rural incomes while creating one of the most resilient and scalable supply chains in the global food industry, it said.

Tarun Sharma, Senior Fund Manager and Strategy Head, Consumer & Healthcare, 360 ONE Asset, said, “This investment embodies our consumer strategy of backing scaled leaders in their categories, driven by exceptional founders.”