Avendus Capital acquired a stake in Bikaji Foods, one of the largest manufacturers of branded Indian ethnic snacks, from private equity firm Lighthouse and investment banking firm Intensive Softshare. Financial terms were not disclosed. Ritesh Chandra, Managing Partner and Head, Avendus, said, “Bikaji has established itself as a leading company in the Indian ethnic snacks segment with a sizable market share, profitability and a platform geared for growth. With pan India presence and favourable macro tailwinds, the company is expected to grow rapidly in the coming years.”