2015-02-25

Bakers Circle raises $6 million from Gaja Cap, DSG Consumer

Gaja Capital has invested Rs 30 crore in the company whereas DSGCP has invested reaming Rs.3

Bakers Circle raises $6 million from Gaja Cap, DSG Consumer

Frozen food specialty firm Bakers Circle has raised Rs. 36 crore (approximately $6 million) from private equity firm Gaja Capital and existing investor DSG Consumer Partners (DSGCP), according to a VCCircle report.

The company claimed that Bakers Circle is the premier and only producer of high quality frozen dough and confectionery in India. Their product and clients stand testimony to 10 years of service to the quick service restaurant system in India with a reach of over 2000 stores and counting.

Bakers Circle is raising its third round of funding. Gaja Capital has invested Rs 30 crore in the company whereas DSGCP has invested reaming Rs.3.The funds will be utilised to expand presence in Middle East by setting up a frozen foods plant in the Jebel Ali Free Zone in the UAE to trade in order to India-produced confectionery products. 

"We have acquired the requisite real estate for the plant and work is on," Ranjit Kamath, chief financial officer at Bakers Circle, told VCCircle.

The report also stated that the firm has acquired 0.6 acre land in the trade free zone, where it will build 10,000 square feet facility with a capacity to produce 18,000 sandwiches an hour.

"Existing investors will receive money from exit from Gaja Capital through its secondary round of funding of approximately Rs 30 crore over the next two months," says Kamath.

Related opportunities
  • Others Food Service
    People are our North Star. We aim to treat our..
    Locations looking for expansion Maharashtra
    Establishment year 2019
    Franchising Launch Date 2022
    Investment size Rs. 10lakh - 20lakh
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Beauty Salons
    TMPS is a pioneering concept in the Indian beauty service..
    Locations looking for expansion Haryana
    Establishment year 2013
    Franchising Launch Date 2023
    Investment size Rs. 30lakh - 50lakh
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurugram Haryana
  • Beauty Salons
    WHERE SOPHISTICATION MEETS GLAMOUR! Aarushi Oswal Makeup Studio & Academy, located..
    Locations looking for expansion Punjab
    Establishment year 2013
    Franchising Launch Date 2023
    Investment size Rs. 30lakh - 50lakh
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ludhiana Punjab
  • Cranes & Forklifts
    The company was formed and established in the year of 1961 in..
    Locations looking for expansion Delhi
    Establishment year 1961
    Franchising Launch Date 2023
    Investment size Rs. 50lakh - 1 Cr.
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads