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ChrysCapital to acquire 90 % stake in Indian bakery chain Theobroma for Rs 2,410 crore: Report
- ChrysCapital is set to acquire a 90% stake in Theobroma Foods, a popular bakery chain in India, for Rs 2,410 crore.
- ICICI Venture, the current investor in Theobroma, is exiting the company entirely as part of the deal.
- The founders of Theobroma will retain about 10% equity after the acquisition by ChrysCapital.
- Theobroma, known for its brownies and cakes, has scaled to over 200 stores across 30 Indian cities and is expected to report a revenue of Rs 525-550 crore in FY25.
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