Kotak Family Office Expands Globally with US Snack Brand Acquisition
Uday Kotak's family investment office USK Capital has made a significant move. The firm acquired a majority stake in Go Raw. This Chicago-based company focuses on seed-centric snacks. This transaction marks two important firsts for USK Capital. It represents their initial investment outside India. It also serves as their debut entry into the consumer goods sector.
Details of the Strategic Acquisition
USK Capital purchased the stake from Juggernaut Capital Partners. This middle-market private equity firm previously held the investment. Other early-stage investors also participated in the sale. The exact percentage of ownership remains undisclosed. USK Capital has not revealed the financial terms of the deal. The transaction involved Go Raw's holding company Freeland Foods.
The investment followed established international protocols. USK Capital executed the deal through one of its overseas entities. They utilized the overseas direct investment route for this purpose.
Strategic Vision Behind the Investment
Venkat Subramanian serves as Chief Investment Officer at USK Capital. He explained the reasoning behind this strategic move. "The desire for healthy eating is a growing global trend," Subramanian stated. He emphasized that American consumers are embracing this movement. Go Raw demonstrates strong market performance according to Subramanian. The brand shows a successful track record of robust growth. It has been expanding its retail footprint across the United States.
Background on USK Capital and Uday Kotak
Uday Kotak established USK Capital in 2023. This was the same year he stepped down from his leadership role. He previously served as CEO of Kotak Mahindra Bank. The Kotak family maintains substantial ownership in the banking institution. They hold approximately 26 percent of the bank's shares.
Kotak Mahindra Bank holds a prominent position in India's financial sector. It ranks as the country's third-largest private-sector lender. The bank currently boasts a market capitalization of 47 billion dollars.
This investment demonstrates the evolving strategy of family offices in India. They are increasingly looking beyond traditional sectors and domestic markets. The move into consumer goods and international markets signals new directions for Indian capital.
