Daybreak Haldiram's vs Bikaji just got spicier
Mar 21, 2025
Dive into the spicy rivalry between Haldiram's and Bikaji, as Haldiram’s recent stake sale to Temasek shakes up the snack industry. Explore the backlash against Urban Company’s new gig service, raising issues about worker exploitation in the gig economy. Discover insights on the evolving tech export scene from India and the challenges faced by traditional snack brands adapting to health trends. Plus, learn about the implications of a potential extended downturn in stock markets, discussed in an upcoming live event.
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Investment and Growth of Snack Brands
- Haldiram's, despite competition and health trends, secured a $10 billion valuation with Temasek's investment.
- Bikaji's market value doubled after going public, but its rapid growth might be slowing down.
Haldiram's vs. Bikaji: A Family Affair
- Bikaji founder, Shivratan Agarwal, is the grandson of Haldiram's founder.
- Shivratan branched out in 1993, expanding Bikaji across India while Haldiram's was split between family members.
Urban Company's Controversial Service
- Urban Company's Instamate service offers domestic workers for ₹49/hour, raising exploitation concerns.
- Critics demand government intervention to ensure fair wages and worker security in the gig economy.