Wonder Chef’s early backers are planning an exit | Jobs Recent


Some of the early backers of the ‘Wonder Chef’ kitchen appliance brand are planning to leave the company. Wonderchef is backed by institutions such as French winemaker Labruyère Eberlé, mid-market private equity firm Amicus Capital and many others

According to media reports, some early backers of Wonderchef Home Appliances are planning to exit the brand. These investors are looking for a valuation of more than Rs 1,200 crores.

Boutique investment bank o3 Capital has been assigned to seek buyers on behalf of some of those early backers, and that includes angel investors, the report said.

It was co-founded by Ravi Saxena (former head of Sodexo India) and celebrity chef Sanjeev Kapoor in 2009. Wonderchef is backed by institutions such as French winemaker Labruyère Eberlé, mid-market private equity firm Amicus Capital, a consumer-focused venture capital firm. real estate-focused firm Sixth Sense Ventures, Godrej Family office and Malpani Group, among others.

Wonderchef posted a net loss of Rs 10 crore in FY22 – its first annual loss in a decade – compared to a net profit of Rs 38.6 lakh in FY21. The company, however, reported a 20% growth in net sales to Rs 266.9 crore in the last financial year.

The company raised 150 crore rupees in its last capital round led by Sixth Sense Ventures in November 2021.

Sanjeev Kapoor has honorarium and royalties for promoting the brand. Wonderchef sells kitchen appliances such as non-stick cookware, cold-pressed juicers, hobs, ovens, baking trays, blenders, fryers and toasters.



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