Archive · 13 Aug 2025
ChrysCapital Targets Consumer Sector Buyouts with Theobroma Deal
A company called ChrysCapital, which invests in other businesses, is excited about investing in Indian food companies, particularly those run by families.
They just bought a big part of Theobroma, a dessert shop known for its brownies.
They think there are more opportunities like this because many family businesses are growing and changing hands.
ChrysCapital is also looking to buy The Belgian Waffle Co.
They have a lot of money to invest, and they believe there's a growing interest in fancy cafes and food in India.
They plan to help these businesses grow and expand.
ChrysCapital is increasing its investments in Indian consumer businesses, especially family-run businesses.
The private equity firm acquired dessert chain Theobroma for an 85% stake, valuing the company at ₹2,400 crore.
ChrysCapital sees potential in India's growing affinity for cafes and gourmet offerings.
The firm is also close to acquiring The Belgian Waffle Co., valued at ₹1,300 crore.
ChrysCapital has raised a $2.2 billion fund for larger investments in India.
- Who
- ChrysCapital and various consumer businesses, including Theobroma and The Belgian Waffle Co.
- What
- ChrysCapital's investments in consumer businesses.
- When
- Recent and ongoing.
- Where
- India.
- Why
- Due to favorable trends, like generational wealth exchanges and the rise of western desserts, and a shift in consumer behavior towards more organized food consumption.
- Investor
- ChrysCapital
- New Fund Size
- $2.2 billion
- Theobroma Acquisition Stake
- 85%
- Theobroma Valuation
- ₹2,400 crore
- The Belgian Waffle Co. Valuation
- ₹1,300 crore
- ChrysCapital Founded
- 1999