Sunday, June 23, 2024
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A few of Wonderchef Home Equipment Pvt. Ltd.’s original investors are considering leaving the manufacturer of cookware and kitchen appliances. Some of these early supporters, who include angel investors, have assigned boutique investment firm o3 Capital to find buyers on their behalf. They are looking for a valuation of more than 1,200 crores for the Mumbai-based company. 

Wonderchef, which was co-founded in 2009 by renowned chef Sanjeev Kapoor and former CEO of Sodexo India Ravi Saxena, is supported by organisations including French winery Labruyère Eberlé and mid-market private equity firm Amicus Capital, among others. Compared to a net profit of 38.6 lakh in FY21, Wonderchef reported a net loss of 10 crores in FY22—its first annual loss in ten years.

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