Koeleman India

Completed Date




Deal Type

Company sale


Not disclosed

Company bio

Koeleman India is one of the reputed processors of various fruits & vegetables, like Gherkins, Olives, Jalapeno, Bell Pepper & Baby Corn. Company does private labelling of these products to many large, globally reputed food companies based in US, Europe and Australia.

Deal Summary

Singhi Advisors acted as an exclusive financial & strategic advisor in the acquisition of Koeleman India Pvt Ltd, a private label manufacturer of processed fruits & vegetables, by OFB Tech Pvt Ltd (OfBusiness), a USD 10 Bn valued startup which provides tech enabled platform to sell industrial goods.

OFB Tech Pvt Ltd, a privately held unicorn startup, valued at USD 10 Bn and invested by globally reputed funds like Softbank, Tiger Global, Norwest, Zodius & Matrix Partners has entered into an agreement to acquire 100% stake in Bengaluru based Koeleman India Pvt Ltd, an 100% subsidiary of Netherland headquartered Koeleman Foods International B.V. The transaction will help the parent entity to exit from its non-core business vertical.

Through this acquisition, OFB will get access to State-of-the Art processing unit of Koeleman India, long term customers and professional management team. This transaction enables OFB’s entry into processed food segment.

Deal Contacts

Sreeraj Krishnamoorthy

Sreeraj Krishnamoorthy's avatar

Vice President

Singhi Advisors Pvt. Ltd. is the exclusive Indian partner of Mergers Alliance

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