Mumbai : Homemade Baker’s (India) Limited (“Homemade” or the “Company”) and Growtheum Capital Partners (“GCP”) are pleased to announce a strategic partnership to accelerate Homemade’s pan-India expansion by strengthening and increasing its manufacturing footprint across the country. This collaboration aims to capitalize on the significant growth potential in India’s rapidly evolving ice cream ecosystem.

Founded in 1995, Homemade is one of India’s leading manufacturers of ice cream cones and sleeves, with an annual capacity in excess of 1 billion cones. The Company has also expanded into the IML (In-Mould Label) container segment, serving ice cream players for their large-format and take-home packs as well adjacent categories like sweets and dates. With a dominant manufacturing presence in North India and a customer base that includes most of the major national ice-cream brands, Homemade combines automated production, food-grade printing and lamination, and a baking legacy of three decades to deliver best-in- class international product quality and exceptional service to its customers.

Rajiv Manchanda, Homemade’s Founder and Director, sharing his excitement about the partnership, said, “We are pleased to welcome Growtheum Capital Partners as our strategic partner. GCP’s extensive experience in the consumer sector and their global perspective will be invaluable as we embark on the next phase of our growth journey. With their support, we aim to accelerate our expansion across India, further strengthen our operational and management capabilities, and continue delivering high-quality products to meet the growing demand from our customers.”

“This partnership marks an exciting milestone in Homemade’s growth journey. With GCP’s strategic support, we aim to scale up our manufacturing footprint, enhance process efficiencies, and introduce greater innovation across all our product categories. Our focus will remain on delivering superior quality and reliable service to our customers across India,” added Puneet Manchanda, Homemade’s Promoter and Director.

Saurabh Mehta, Managing Director at GCP, commented on the investment: “We are impressed by the operationally efficient and strong customer-centric business built by the founders of Homemade. We are excited to partner with them in realizing our shared vision of strengthening the Company’s leadership position by expanding its manufacturing footprint across India, broadening its product portfolio, and deepening relationships with key customers. Our goal is to support Homemade to be the partner of choice for national, regional, and emerging ice cream brands across the country.”

“This partnership underscores our strategy of backing high-quality, scalable businesses that benefit from strong secular tailwinds and India’s robust consumption growth story. Ice cream is one of the fastest growing consumer categories in India. This investment in Homemade gives us an opportunity to partner with like-minded founders in a scaled-up player on its journey to expand nationwide in India, along with opportunities to export regionally, including to Southeast Asia,” added Amit Kunal, Managing Partner at GCP.