Total amount raised
$20 Million
Latest funding date
2017-04-05
Location
Theobroma operates as an online bakery store offering a wide range of baked goods, focusing on high-quality, freshly baked products based on traditional home-style recipes. The company has expanded from a small bakery in Mumbai to over 200 outlets across India, emphasizing authenticity, passion for baking, quality, and cost-effectiveness.
Keep reading to explore the intricacies of Theobroma's fundraising journey and the investors backing this innovative platform.
What Is Theobroma?
Theobroma, established in 2004, operates in the bakery and patisserie industry. Originating from a small bakery in Mumbai, it has expanded to over 200 outlets across India.
Known for its high-quality baked goods, Theobroma offers a wide range of products including cakes, brownies, pastries, cookies, and savouries. The name "Theobroma" translates to "Food of the Gods" and reflects the bakery's commitment to authentic recipes and quality ingredients.
With a strong emphasis on customer satisfaction, Theobroma continues to grow, providing both in-store and online ordering services for convenience.
How Much Funding Has Theobroma Raised?
- Series Unknown
- Amount Raised: USD 20,000,000
- Date: April 2017
- Lead Investors: ICICI Venture
Theobroma has raised a total of USD 20,000,000.
Key Investors
- ICICI Venture
- Details: ICICI Venture is one of India's largest private equity firms, managing assets across various sectors. It is a subsidiary of ICICI Bank, focusing on long-term investments in high-growth companies.
- Investment Focus Areas: Financial services, healthcare, retail, infrastructure
- Notable Investments: Not publicly disclosed
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