Believe me, itโs not...ย โขย 8m
Yesterday โ reports suggested ChrysCapital finalised a โน2,410 Cr deal to acquire Theobroma. One of India's most loved bakery chains is now set to be one of its largest cash exits in the F&B space. ICICI Ventures (which owned 42%) is expected to walk away with ~โน1,012 Cr on a โน130 Cr investment made in 2017 โ 7.8x return in 7 years Theobroma numbers (FY24, 225 outlets across 30+ cities): โ Revenue: โน452 Cr โ Net Profit: โน27 Cr โ Projected FY25 EBITDA: โน80โ100 Cr Starting in a 1BHK in Colaba in '04, Sisters Kainaz & Tina Messman built a brand on premium bakes + strong word of mouth โ took 10 years to raise their first round of capital: โน22 Lakh from Zend advisors. ๐งThereโs growing PE appetite in F&B, especially for brands with strong recall and national scale - a). Haldiram has seen consistent inbound interest (Temasek + Alphawave invested earlier this year) b). ChrysCapital is likely moving on Belgian Waffle Co next (โน1,000 Cr deal in the works) โญ๏ธTheobroma Founders will likely see one of the largest cash exits by women entrepreneurs in Indian consumer history.
Believe me, itโs not...ย โขย 1y
The health-focused food space has seen a noticeable uptick in activity. In the past few months - - WickedGud raised โน20 Cr from Orios VP (healthy alt's for pasta/noodles/chips) - Troo Good raised $9 M from Puro Wellness, Oaks, V Ocean Inv. (offers m
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Believe me, itโs not...ย โขย 10m
Peak XV's decade long Porter wager turns into a 11x exit. Last week โ Porter raised $200 M in Series F. - Peak XV fully exited. Initially invested in a Series A in 2005, with follow-ons in Series B and C. i). As per reports, Porter held an
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A digital news platf...ย โขย 26d
EV startup Bounce has raised โน36 Cr ($3.9 Mn) in a funding round led by existing investors Accel and B Capital. The startup allotted 37.6 Lakh Series F CCPS to Accel India and B Capital each for a cumulative โน36 Cr. CEO Vivekananda Hallekere told I
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I'm just a normal gu...ย โขย 1y
Theobroma is valued at โน3,500 Cr. โข Founded by sisters Kainaz Messman Harchandrai and Tina Messman Wykes. โข Started as a small bakery in Colaba, Mumbai, in 2004. โข Known for brownies, cakes, and desserts. โข Has grown to 225 outlets across India.
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Faad Networkย โขย 1y
Meet the woman who had an accident at 24 and built a 3500 CR business. 1. When Kainaz Messman was 16 and on a trip to France, she decided to dedicate her life to making pastries. After studying at the prestigious Oberoi Centre of Learning & Developm
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Believe me, itโs not...ย โขย 1y
Investors appear optimistic about co-working spaces and startups are capitalizing on this trend. ๐ขA growing number are looking to raise funds via VCs , Family Offices or through the IPO route - - Innov8 raised โน110 Cr via a primary funding - Workie
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