Mad Over Donuts launches part stake sale to fuel growth amid dessert M&A wave
Himesh Foods-run gourmet chain Mad Over Donuts, with 150+ stores, has kicked off a partial stake sale to raise growth capital. The move follows a flurry of dessert-segment deals including Belgian Waffle and Theobroma, with valuations in the segment recently touching Rs 1,700-2,400 crore.
Mad Over Donuts, the gourmet donut chain run by Himesh Foods with 150+ stores, has launched a part stake sale to raise growth capital, amid heightened M&A activity in India's dessert segment following Belgian Waffle and Theobroma deals.
Why this matters
Mad Over Donuts joins a wave of dessert-segment M&A activity, with Belgian Waffle and Theobroma deals signaling strong investor interest in India's gourmet sweets category at Rs 1,700-2,400 crore valuations.
Retail-company activity steady with 3,274 signals tracked in the past 90 days.
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