Trufrost & Butler, a fast-growing player in commercial refrigeration and foodservice equipment, has raised $7 million in growth funding from private equity firm Carpediem Capital. The company said the infusion will be used to strengthen domestic manufacturing, accelerate order fulfilment, expand its service infrastructure, and selectively enter international markets.
Founded in 2018 by industry veterans Neeraj Seth and Satish Dudeja, the company caters to a wide spectrum of clients including cafés, quick service restaurants, cloud kitchens, hotels, bakeries, bars and fine-dining establishments. Its portfolio spans refrigeration systems, cooking ranges, beverage dispensers, and other commercial kitchen essentials. Unlike traditional vendors, Trufrost & Butler positions itself as a solutions partner with a service-led model and low capital expenditure options aimed at faster returns for food and beverage operators.
Over the past five years, the company has built a footprint across major Indian cities, supported by beverage specialists and culinary consultants who work with clients on efficiency and product innovation. “This investment reflects our vision of reshaping the foodservice equipment sector with reliable products and robust support,” said Neeraj Seth, Co-founder and Managing Director. “It will allow us to scale our manufacturing base, improve service delivery, and prepare for overseas expansion while deepening our commitment to the Indian market.”
Carpediem Capital, which focuses on consumer and services businesses, sees the company as a strong contender in an otherwise fragmented industry. “Trufrost & Butler has demonstrated sharp execution and built trust in a sector where reliability is critical,” said Hithendra Ramachandran, Managing Director at Carpediem Capital. “We believe it has the potential to emerge as a category leader by bringing structure, scale and innovation to the market.”
