Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
ChrysCapital Poised to Acquire Theobroma Stake
Hindustan Times West UP
|March 31, 2025
Theobroma founder and family may retain around 10% stake in the bakery network
MUMBAI: Homegrown private equity firm ChrysCapital is poised to acquire a controlling stake in bakery chain Theobroma Foods for ₹2,200-2,300 crore, two people aware of the development said. The deal will see the complete exit of ICICI Venture, which invested in the company in 2017.
Theobroma founder Kainaz Messman and family may retain around 10% stake in the 194-store bakery network, the people cited above said on the condition of anonymity. Messman, earlier a pastry chef at Oberoi Hotels, had founded the bakery chain as a single outlet in Mumbai's Colaba Causeway in 2004.
"The deal is likely to be signed in a fortnight. ChrysCapital will buy around 90% stake with an option to acquire more going forward," one of the people cited above said.
This story is from the March 31, 2025 edition of Hindustan Times West UP.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times West UP
Hindustan Times West UP
Frankenstein, Skynet, Ultron: Tall-tale signs of machines with minds
Joseph-Marie Jacquard was in his fifties when he invented the Jacquard machine.
3 mins
October 26, 2025
Hindustan Times West UP
More skeletons tumble out, ₹13.20 crore payout to deceased surfaces
{ ₹42.04-CR CHITRAKOOT PENSION SCAM
1 min
October 26, 2025
Hindustan Times West UP
A numbers game
It’s thrilling to see showrunners in their 50s writing messy heroines who still prevail. Heaven knows, we've waited long enough
2 mins
October 26, 2025
Hindustan Times West UP
Mr Marco and Ms Deb, solving crimes in Kolkata
We don’t normally think of foreign secretaries as authors of detective fiction.
3 mins
October 26, 2025
Hindustan Times West UP
Don’t blame women for the violence they suffer
West Bengal chief minister Mamata Banerjee’s remark in the context of the rape of a medical student in her state, that the latter shouldn't have been out so late at night, is worrying.
2 mins
October 26, 2025
Hindustan Times West UP
AUSSIE CRICKETERS MOLESTED AT INDORE, ACCUSED ARRESTED: POLICE
BHOPAL: Two women cricketers from Australia were allegedly sexually harassed by a 30-yearold man in Indore during their stay in the city for a Women's World Cup match on Thursday night, police said.
1 min
October 26, 2025
Hindustan Times West UP
All infiltrators will be deported: Amit Shah
Union home minister Amit Shah on Saturday slammed the opposition INDIA bloc for opposing the special intensive revision (SIR) of electoral rolls in poll-bound Bihar, and asserted that every infiltrator would be detected and deported to their countries.
1 mins
October 26, 2025
Hindustan Times West UP
1/5th of candidates in Bihar fray are scions
Two sons of a former Union minister pitted against each other, a husband and a wife contesting from neighbouring constituencies (from the same party), and several members of a family contesting from one party - all reflect the influence of powerful political families in Bihar. In several constituencies, veteran leaders have passed the political baton to their children, even grandchildren.
1 min
October 26, 2025
Hindustan Times West UP
Stairway to enhancing social privilege, prestige
The degree now isa signifier of distinction
3 mins
October 26, 2025
Hindustan Times West UP
Trump begins Asia tour, likely to meet Xi
ABOARD AIR FORCE ONE: US President Donald Trump headed for Asia on Saturday and high-stakes trade talks with Chinese counterpart Xi Jinping, saying that he would also like to meet North Korean leader Kim Jong Un on his trip.
1 min
October 26, 2025
Listen
Translate
Change font size