Sanjeev Kapoor’s appliance brand Wonderchef raises Rs. 700 Cr Funding
Wonderchef, Renowned Chef Sanjeev Kapoor's promoted appliance brand has raised Rs. 70 crore from a mid-market private equity firm, Amicus Capital Partners which valued the firm at Rs. 700 crores.
The appliance brand came to inception in 2009 through founders Sanjeev Kapoor and former Sodexo Pass India MD Ravi Saxena. It primarily deals with selling premium quality kitchenware appliances, cookware and bakeware under the Wonderchef brand.
Mahesh Parasuraman, co-founder of Amicus Capital said, Wonderchef has been able to build a strong brand in the cookware and kitchen appliance category within a short period of time. We are committed to helping the company emerge into a clear market leader in the next few years.
Notably, the recent funding marks third investment round raised by the co...