Mumbai, Sept. 21 -- India-focused private equity firm ChrysCapital is sweetening its portfolio with a $200-million push into the desserts space, following last month's acquisition of patisserie chain Theobroma, two people familiar with the matter said on condition of anonymity.

"The idea is to use Theobroma as an anchor to make bolt-on acquisitions in the segment, and the investment firm plans to buy about 2-3 assets," the first person said, adding that frozen desserts and ice cream brands will also be considered.

"The plan is to leverage the back-end operations that Theobroma has for the other brands as well," the second person said.

A bolt-on strategy enables larger firms to buy smaller businesses to expand operations, diversify offe...