Dharwad Big Mishra Pedha, a sweets manufacturer founded 93 years ago and based in Karnataka, has attracted funding of ₹300 crore from Bharat Value Fund. This fund is a private direct investment fund, Category II AIF of The Wealth Company.
Dharwad Big Mishra Pedha, a sweets manufacturer founded 93 years ago and based in Karnataka, has attracted funding of ₹300 crore from Bharat Value Fund. This fund is a private direct investment fund, Category II AIF of The Wealth Company.
Founded in 1933, Big Mishra currently manages segments including sweets, namkeen, bread, bakery, and restaurants. According to the statement, it has over 200 exclusive franchise sales points located in North Karnataka, Goa, and South Maharashtra.
Over the last three years, Big Mishra has invested approximately ₹100 crore in increasing production capacity and serves about 10 million customers annually. The company has expanded beyond traditional distribution and franchising channels by partnering with modern retail chains such as Reliance Smart Bazaar, as well as collaborating with quick commerce services.
According to Bharat Value Fund, this investment underscores the fund's confidence in the potential of branded regional food products in India. Big Mishra's revenue has increased from approximately ₹142 crore in fiscal year 22 to over ₹300 crore in fiscal year 26, corresponding to a Compound Annual Growth Rate (CAGR) of 16% over five years.
The company plans to open another 100 outlets and enter more than 50 new cities in the next two years.
Sanjay Ganesh Mishra, promoter of Dharwad Big Mishra Pedha Private Limited, stated: 'For over ninety years, our family has built Big Mishra, developing one outlet and one customer contact at a time. The investment from Bharat Value Fund provides the institutional capital, strategic expertise, and management system necessary for the next stage of our growth, while preserving the heritage and quality that have defined Dharwad Pedha for generations.'
This is the fourth investment by Bharat Value Fund in the segment of Indian ethnic sweets and snacks. Madhu Lunawat, founder of The Wealth Company Asset Management Private Limited, noted: 'There are many strong regional brands in India that have earned consumer trust over generations but have not yet had the opportunity to scale nationally. At Bharat Value Fund, we want to collaborate with such enterprises not only with capital but also with close interaction with promoters on professionalization, distribution, and the next stage of growth.'
The investment house Piper Serica, based in Mumbai and engaged in public and private market investments, has raised ₹300 crore during the first close of its Bharat Tech Fund, which has a total size of ₹800 crore.
According to the statement, nearly half of the commitments made at the first close came from existing Fund I investors, including institutional investors, family offices, and high-net-worth individuals.
Bharat Tech Fund, classified as an AIF Category 2, will focus on Indian startups in areas such as semiconductors, defense industry, space technology, fintech, robotics, biomedicine, and advanced electronics.
The fund plans to invest approximately between ₹25 and ₹50 crore in each startup, aiming to support companies developing world-class technologies in India.
At the first close, Ajay Modi, Director of Piper Serica, noted that the interest in Bharat Tech Fund demonstrates that investors view deep technology as a long-term opportunity, supported by the strong momentum shown through Fund I. He expressed confidence that the next generation of global Indian companies will emerge from founders solving complex problems through research, development, and science.
Piper Serica also reported having a very high-quality deal portfolio where deep technology companies generate significant revenue and secure large orders. Startups supported by Fund I included Alt Mobility, Pantherun, Rupeeflo, OTPless, Yaanendriya, Vobiz, and Six Sense Mobility.
The firm has been investing in the deep technology segment since 2022 and possesses an experienced investment team and expert staff. Modi emphasized: 'Our goal is to support entrepreneurs who create strong intellectual property and globally competitive businesses from India. We believe that India has the talent, policy support, and market opportunities to become a global leader in deep technology.'
Piper Serica had initially planned to complete the closing of Bharat Tech Fund by December of this year, but due to investor interest, it now expects to close the fund ahead of schedule.
Difficulties continue to plague actor Rajpal Yadav. Following a case regarding the dishonor of nine crore rupees in cheques, serious steps have been taken by the Central Bank of India to recover the loan.
A notice regarding the sale of two major assets belonging to Rajpal Yadav was posted at the Central Bank of India branch in Shahjahanpur. The actor owed the bank 16.61 crore 61 lakh 64 thousand rupees. Rajpal Yadav took out this loan for the filming of the movie 'Ata Patla Paata'.
Bank debt recovery department employees visited Rajpal's native village in Shahjahanpur and posted a notice there about the auction of the actor's property. The bank claims that this amount includes the principal loan amount as well as accrued interest.
According to available information, Rajpal has two real estate properties in Shahjahanpur: one in the city, and another—a field and house in the village. The total estimated value of these two properties in Shahjahanpur is 3 crore 19 lakh 26 thousand rupees. The sale of this property is scheduled for September 9, 2026, in an online format.
Rajpal Yadav provided the property of his wife, Radha Yadav, and mother, Godavari Yadav, as collateral for the loan. The property sale proceedings are underway not only in Shahjahanpur but also in Mumbai. The bank will continue the recovery process according to established rules. If the debt is not repaid on time, the procedure for selling the respective assets may be initiated.
It should be noted that the company owning the dishonored cheque also resides in Shahjahanpur. Currently, no official comments have been received from Rajpal Yadav regarding this matter. It remains to be seen how he will react to this situation. As for Rajpal Yadav's work, he recently participated in Akshay Kumar's film 'Velmak Tu Da Jungle'.
