In a major shakeup of India’s food and beverage landscape, Theobroma, the iconic dessert chain loved for its brownies and bakes, has reportedly been sold in a whopping ₹2,410 crore deal. This marks one of the most high-valued exits in India’s homegrown F&B sector, showing just how powerful a brand built on taste and trust can become.
From Colaba Café to ₹2,410 Crore Brand
Started in 2004 by Kainaz Messman and her family, Theobroma began its journey as a humble patisserie in Mumbai’s Colaba. With just a handful of signature items — the gooey brownies, dense chocolate truffle cakes, and mawa cakes — it captured hearts across the city.
Fast forward to 2025, and Theobroma has:
- Over 100 outlets across India
- A massive online delivery presence
- A loyal fanbase addicted to its signature treats
The name “Theobroma” — meaning “Food of the Gods” — now rightfully sits among India’s most recognized premium food brands.
The Big Deal: ₹2,410 Crore Sale
The latest reports reveal that Theobroma has been acquired in a deal worth ₹2,410 crore, cementing its position as a leading player in India’s booming bakery and café market.
A Private equity firm ChrysCapital is acquiring a 90% stake in Theobroma Foods for ₹2,410 crore. It involves purchasing the stake from the promoters and existing investor ICICI Venture.
This deal surpasses previous valuation rounds and highlights the growing investor appetite for profitable, brand-driven F&B chains in India.
Why the Huge Valuation?
Theobroma’s high valuation can be attributed to:
- Strong brand identity
- Consistent product quality
- Pan-India expansion potential
- Premium gifting and dessert culture boom
- Highly profitable urban outlets
With increasing demand for gourmet desserts and India’s evolving café culture, brands like Theobroma are perfectly positioned for both domestic and international growth.
What Stays the Same?
Though the company has been sold, Theobroma assures customers that the quality, recipes, and team spirit will remain unchanged. If anything, fans can expect:
- More stores in new cities
- Faster delivery logistics
- New product launches
- Global expansion
A Sweet Legacy Continues
“Theobroma was built on love, loyalty, and lots of chocolate. We’re excited to see it enter its next big chapter with the same heart and greater strength.”
— Kainaz Messman (Founder)
This sale isn’t just a business transaction — it’s a celebration of a dream that began in a small Mumbai kitchen and reached ₹2,410 crore in value.
Final Thoughts
Theobroma’s sale is a milestone moment for India’s food industry. It proves that a brand built on authenticity, flavor, and consistency can rise to become a multi-thousand crore business.
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