Home-grown cupcake chain Twelve Cupcakes has been acquired for $2.5 million by the Kolkata-based Dhunseri Group, which is one of the top 10 tea companies in India. The deal to take over the chain's 17 outlets here was finalised in December last year. http://www.straitstimes.com/lifestyle/food/indian-tea-company-buys-over-twelve-cupcakes-chain