This is my personal experience, I used to go all the way to select city walk and GK-2 to have these Brownies. I am talking about Theobrama founded by Kainaz Messman. With first shop in colaba, Mumbai no one knew a baker would create so much wealth. This pastry store was founded in 2004. It operated a single store for many years before ICICI Ventures invested Rs.130 crores in them.

Now they have:

• 194 outlets in multiple cities
• Rs.350 crores turnover (FY23)
• Rs.19.6 crores profits (FY 23)

It is all set to be sold for around Rs.3,000 crores. While the promoter is making huge money, ICICI will bag a cool 10X return in 7 years. Isn’t it Just Amazing!