Private Equity Giant ChrysCapital Acquires Theobroma

In a landmark deal, private equity major ChrysCapital has announced its acquisition of the renowned bakery chain Theobroma for over Rs 2,000 crore. This acquisition marks ChrysCapital's first foray into the consumer sector, signaling a strategic expansion of its investment portfolio.

Details of the Deal

ChrysCapital has secured an 85% stake in Theobroma, with the founders retaining a minority share and continuing their involvement in the company. The specifics of the deal remain undisclosed, but the transaction underscores the growing interest in India's consumer brands by global investors.

Theobroma's Journey

Founded in 2004 by sisters Kainaz Messman Harchandrai and Tina Messman Wykes, Theobroma started as a single cafe in Mumbai. Today, it boasts over 250 outlets across India, offering a wide range of cakes, desserts, and chocolates that have won the hearts of millions.