Bakers Circle raises $6M from Gaja Cap, DSG Consumer
Summary
The company wants to expand its presence in the Middle East by trading India-produced confectionery products there and setting up a frozen foods plant in the Jebel Ali Free Zone in the UAE. Existing investors apart from DSGCP include Haystack, a fund founded by former Goldman Sachs partner Hank Uberoi and a couple of individual investors.Messages sent to Gaja Capital did not elicit a response. Bakers Circle had appointed investment bank Langham Capital to advise on its fundraise.The Gurgaon-based company makes breads, including French baguettes, rolls, burger buns and pizza dough; flavoured cakes like chocolate & strawberry; hot & cold pies and quiches. The firm also provides laminated dough, including croissants & pastries, cookies, muffins, chocolate mousse, brownies and other confectionery products. It has clients like Subway, KFC, Pizza Hut, Starbucks, Chilis, Caf\xe9 Coffee Day, Dunkin Donuts and Smoke House Deli.Bakers Circle entered international markets early 2014.