Total amount raised
$20 Millions
Latest funding date
04/01/2017
Location
Theobroma operates as an online bakery store offering a wide range of baked goods, including cakes, brownies, cookies, pastries, and more. The company emphasizes traditional home-style recipes, fresh ingredients, and quality.
The company has expanded from a single store in Mumbai to over 200 outlets across India. Keep reading to explore the intricacies of Theobroma's fundraising journey and the investors backing this innovative platform.
What Is Theobroma?
Theobroma, meaning "Food of the Gods," is a renowned bakery and patisserie in India known for its high-quality baked goods. Founded in 2004, Theobroma started as a small bakery store at Cusrow Baug on Colaba Causeway, Mumbai, and has since grown into a pan-India bakery with over 200 outlets across the country.
Operating in the bakery and patisserie industry, Theobroma offers a wide range of products, including cakes, brownies, pastries, cookies, and savouries. The bakery emphasizes authentic recipes, quality ingredients, and customer satisfaction, making it a beloved brand among its customers.
How Much Funding Has Theobroma Raised?
- Venture Round
- Amount Raised: $20M
- Date: April 2017
- Lead Investors: ICICI Venture
Theobroma has raised a total of $20M in funding.
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: Healthcare, financial services, retail, infrastructure, manufacturing
- Notable Investments: Metropolis Healthcare, Star Health and Allied Insurance, Go Fashion
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