DSG Consumer Partners, an investment company focused on consumer businesses, has sold part of its stake in Veeba Food Services to Verlinvest Asia, a family-owned holding company for diversified consumer-focused investments, with headquarters in Brussels. The size and value of the sale has not been disclosed.
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Promoted by the Bahl family, Veeba manufactures and markets sauces, dips, dressings and dessert toppings made in its 35,000-square-foot plant in Neemrana, Rajasthan.
Last year, DSG and Saama Capital were the lead investors in a US$6 million round of funding for Veeba.
Trilegal Mumbai-based partner Kunal Chandra and associate Abhipsita Kundu advised DSG on the sale.
Partner Vijay Sambamurthi, senior associate Vishnu Chandran and associate Vishal Achanta at Bengaluru-based Lexygen advised Verlinvest Asia.
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