Acquisition History / ChrysCapital / Theobroma Foods
ChrysCapital Acquires Theobroma Foods
Announced July 15, 2025 — $272.3M
What happened
ChrysCapital agreed to buy a 90% stake in Mumbai bakery chain Theobroma Foods for Rs 2,410 crore from the founding Messman family and ICICI Venture. The promoters retained 10%; the price was below the roughly Rs 3,000 crore valuation originally sought.
- Acquirer
- ChrysCapital
- Target
- Theobroma Foods
- Announced
- July 15, 2025
- Price
- $272.3M
- Industry
- Bakery / food retail
- Buyer type
- Private equity
- Backing investors
- ChrysCapital
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did ChrysCapital acquire Theobroma Foods?
ChrysCapital acquired Theobroma Foods on July 15, 2025. This was ChrysCapital's 1st publicly tracked acquisition out of 1 we have on record.
How much did ChrysCapital pay for Theobroma Foods?
ChrysCapital paid $272.3M for Theobroma Foods.
What does Theobroma Foods do?
ChrysCapital agreed to buy a 90% stake in Mumbai bakery chain Theobroma Foods for Rs 2,410 crore from the founding Messman family and ICICI Venture. The promoters retained 10%; the price was below the roughly Rs 3,000 crore valuation originally sought.
What other Bakery / food retail companies has ChrysCapital acquired?
Theobroma Foods is ChrysCapital's only publicly tracked acquisition in Bakery / food retail so far.