Back News / Wonderchef raises ₹150 crore led by Sixth Sense Ventures, Godrej family office
Wonderchef raises ₹150 crore led by Sixth Sense Ventures, Godrej family office
November 16, 2021Wonderchef raises ₹150 crore led by Sixth Sense Ventures, Godrej family office
Kitchen products brand Wonderchef Home Appliances sells branded kitchen appliances, cookware, bakeware, cooktops and chimneys.
Wonderchef said the primary capital raised will be used for expanding the brand’s online presence, deepening distribution network and enhancing branding initiatives.
Kitchen products brand Wonderchef Home Appliances that sells branded kitchen appliances, cookware, bakeware, cooktops and chimneys on Tuesday announced a Rs150 crore fundraise led by Sixth Sense Ventures. The Godrej Family office, Malpani Group and other high net worth individuals also participated in the round.
The funding is a combination of primary and secondary investment, the company said. Mauritius-based investment firm Capvent that invested in Wonderchef in 2015 took an exit in the current funding round.
The primary capital raised will be used for expanding the brand’s online presence, deepening distribution network and enhancing branding initiatives, the company said in a statement on Tuesday.
Sixth Sense Ventures has led the investment from its third fund Sixth Sense Ventures (SSIO III). SSIO-III and affiliates have invested ₹90 crore in this transaction.