Exclusive: Dubai group in talks with sovereign, PE funds to lead in race for Theobroma
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Exclusive: Dubai group in talks with sovereign, PE funds to lead in race for Theobroma

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Exclusive: Dubai group in talks with sovereign, PE funds to lead in race for Theobroma
Credit: Theobroma website

A Dubai-based consumer group is scouting for support from multiple investors to pick up a majority stake in homegrown bakery chain Theobroma Foods Pvt. Ltd, at least two people aware of the development told VCCircle. The ICICI Venture-backed bakery, founded in 2004 by former Oberoi Hotels pastry chef Kainaz Messman, has attracted ......

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