Dec 22, 2022

Early Backers of Wonder Chef Plans To Exit Some early backers of kitchen home appliances brand 'Wonder Chef' are planning to exit. Wonderchef is backed by institutions such as French winemaker Labruyère Eberlé, mid-market private-equity firm Amicus Capital and many others Some early backers of Wonderchef Home Appliances are planning to exit from the brand according to media reports. These investors are seeking a valuation of more than Rs1,200 crores. Boutique investment bank o3 Capital has been assigned to look for buyers on behalf of some of these early backers and which includes angel investors the reports mentioned. 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, consumer-focussed venture capital firm Sixth Sense Ventures, Godrej Family office and real estate-focussed Malpani Group, among others. Wonderchef posted a net loss of Rs10 crores in FY22—its first annual loss in a decade—compared to a net profit of Rs38.6 lakh in FY21. The company, however, reported 20 per cent growth in net sales at Rs266.9 crore in the last financial year. The company had raised Rs150 crores in its last equity round led by Sixth Sense Ventures in November 2021. Sanjeev Kapoor has a fee and royalty arrangement for promoting the brand. Wonderchef sells kitchen appliances like non-stick cookware, cold-press juicers, cooktops, ovens, bakeware, mixer grinders, air-fryers and toasters. Share this article: