 "Investments in small savings schemes rise to Rs 1.55 trillion in 2017-18")
Private equity fund Amicus Capital has invested Rs 700 million in celebrity chef Sanjeev Kapoor’s cookware brand Wonderchef. With additional funding, the company plans to grow to a size of Rs 6 billion in sales in the next five years.
This is Amicus Capital second investment. It had last year invested Rs 600 million of growth capital in digital insurance aggregator Renewbuy.com.
We are delighted to partner with Wonderchef and are committed to helping the company emerge into a clear market leader in the cookware and kitchen appliances category in India in the next few years,” said Mahesh Parasuraman, Partner, Amicus
