Trufrost & Butler raises $7 million in growth funding from Carpediem Capital

Trufrost & Butler, a firm providing commercial refrigeration and foodservice equipment, has raised $7 million in growth funding from Carpediem Capital, a consumer and services-focused private equity fund. 

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The company said the investment will accelerate its growth trajectory and will be strategically deployed to enhance order fulfilment, expand service infrastructure, ramp up domestic manufacturing, and explore select global markets.

Founded in 2018 by industry veterans Neeraj Seth and Satish Dudeja, Trufrost & Butler provides commercial refrigeration and foodservice equipment, offering low-capex solutions with a service-oriented, experiential model. The company claims to have built a strong presence across cafés, QSRs, hotels, cloud kitchens, restaurants, bars, bakeries, and more.

By focusing on reliable equipment, quicker ROI, and dedicated beverage and culinary support, it has established itself as a partner for the food and beverage industry.

“In recent years, Trufrost & Butler has gained rapid traction with its brands by staying focused on delivering superior customer experiences,” said Neeraj Seth, Co-Founder & Managing Director of Trufrost & Butler.

“This capital infusion is a strong endorsement of our ability to create value and reflects our pivotal role in driving innovation within the foodservice sector. It enables us to deepen our commitment to the Indian market, while preparing to extend our expertise globally. We look forward to leveraging these funds to strengthen our service backbone, fast-track manufacturing, and further enhance our beverage and culinary support initiatives.”

Hithendra Ramachandran, Managing Director of Carpediem Capital, added, “Trufrost & Butler has built a strong reputation for reliability and innovation in an otherwise fragmented sector. With its strong brand portfolio and sharp execution, we believe the company is well on its way to becoming a category leader in the foodservice equipment industry. Our investment reflects Carpediem’s philosophy of backing entrepreneurs who bring structure and scalability to unorganised markets.”