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General Atlantic Acquires 27 Percent Stake in Ching’s Secret for US$54 Million (Asia)

Global growth equity fund manager General Atlantic has acquired a 27 percent stake in India-based Indian-Chinese grocery brand Ching’s Secret for INR3.7 billion (approximately US$54 million) from global investment company Invus and the brand’s parent entity, India-based Capital Foods. Products sold under the Ching’s Secret brand include instant soups and noodles, spices, sauces and chutneys. General Atlantic’s investment will reportedly include a second tranche, which is expected to close in 2019.