Key facts
- The Belgian Waffle’s last known valuation is $190.4M (Dec 2025).
- It has raised $89.3M; the latest was PE Growth/Expansion ($85.7M) in Dec 2025.
- Notable investors include Arpwood Partners, HDFC Asset Management Company, Marathon Edge Partners.
- Status: Privately Held (backing).
- ·The complete investor list — 3 names
- ·Watchlist + deal alerts for The Belgian Waffle
- ·The full record, as it builds
Funding rounds
No funding rounds for The Belgian Waffle are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.
About The Belgian Waffle
Operator of a baked waffles restaurant chain based in Mumbai, India. The company offers various types of pancakes and waffles including ready-to-eat, waffle cakes, waffle sundaes, and ice cream waff-wich waffles.
- Sector
- Consumer Products and Services (B2C)
- HQ
- Mumbai, India
- Founded
- 2015
- Employees
- 680
- Website
- thebelgianwaffle.co/
- Ownership
- Privately Held (backing)
The Belgian Waffle doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.
Recorded secondary trades
No secondary trades in The Belgian Waffle shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.
Institutional fund marks
No SEC-registered fund has reported a fair-value mark on The Belgian Waffle in its N-PORT filings yet. We sweep new filings monthly.