Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Industry News

| More

Millennium Babycares Ltd raises INR 1220 Million in Private Placement Round from Bharat Value Fund

Posted On: 2024-10-10 22:47:23 (Time Zone: IST)


Indore, Madhya-Pradesh based, Millennium Babycares Ltd ("BumTum/"the Company") confirmed the closure of the private placement round of INR 1220 Million. Bharat Value Fund, managed by Pantomath Capital Management Pvt Ltd, invested in the Company for a significant minority stake.

Bharat Value Fund (BVF) is the second Category II Alternative Investment Fund (AIF) launched by India Inflection Opportunity Trust (IIOT) in August 2024 and managed by renowned industry leader Madhu Lunawat with a targeted corpus of INR 2,000 crores.

Founded in 2015, Millennium is a key player in the hygiene care industry, specializing in baby care, fem-care, and adult care products. The company is a top contract manufacturer and also sells baby diapers under the "Bumtum" brand, adult incontinence products under "Elduro," and fem-care products under "Freeme" through omnichannel sales.

The Company is the first domestic manufacturer in India to set up Japanese lines, which will enable manufacturing of high quality, ultra premium range of products to cater to multiple segments in the Indian and international markets.

Commenting on the equity fundraise, Mr Ramprakash Beria, Founder of Millennium remarked "We are elated to announce a major milestone in Millennium's journey as we secure an equity raise of INR 1220 Million from Bharat Value Fund. With this private placement, we are confident that Millennium is well-positioned for a robust growth trajectory. We remain committed to our mission of delivering hygiene care products while expanding our market reach and enhancing value for our stakeholders"

Speaking about its investment in Millennium, Ms. Madhu Lunawat, CIO of Bharat Value Fund observed, "We are pleased to invest in Millennium, recognizing their strong potential in the diaper industry. Bumtum, their flagship brand, is well-positioned for rapid market expansion, both in India and internationally. This investment will support Bumtum's plant expansion and aggressive growth through General Trade (GT) and export markets"

She further added "At Bharat Value Fund, we believe in backing companies that drive long-term value, and Bumtum's focus on quality and innovation aligns with our goals. We are humbled to support their growth journey and look forward to their continued success."

Millennium clocked revenue of INR 585 crores in FY24 growing at CAGR of 53% over Fiscal 2020 to 2024. The Company is well-positioned to continue its impressive financial growth for future periods. With the support of state-of-the-art technology and advanced machinery, Millennium produces 4 Million baby diapers, 500,000 sanitary napkins, and 100,000 adult diapers daily. Known for its high-quality production, flexibility in manufacturing, product customization with low minimum order quantities (MOQ) and a strong R&D team, The Company has become a destination for big brands looking to launch their own range of disposable hygiene products.

Millennium holds prestigious certifications including ISO, BIS, SEDEX, and GMP, demonstrating its commitment to quality and safety. The company also provides a range of additional services such as packaging design, marketing support, after-sales services, and doorstep delivery, enhancing customer experience.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Homversity raises USD 1 Million in Pre-Series A in participation from Inflection Point Ventures and others

Agnik: The Cutting-Edge Mobile Trading App Revolutionizing Investing & Trading for Everyone by Master Trust

Cactus Partners leads $1.2 million round in ParkMate

WadzPay Secures SGD $50 Million Investment Commitment from GEM

Order For Health raises INR 1 Crore in Seed Series Round led by Inflection Point Ventures

Morgan Stanley Inaugurates State-of-the-Art Office in Mumbai

NSE's consolidated profit in Q2 FY25 up by 57% YoY to Rs 3,137 crores

DRRK Foods Invests ₹20 crores, Set to Expand its Rice Packing Unit Near Mundra

Groww's FY'24 revenue more than doubles to INR 3,145 crore

ThoughtSol's Carbon Footprint Analysis Sparks New Initiatives for Emission Reduction

World Biogas Association INDIA Congress 2024 Set to Unlock India's Biogas Potential

8i Ventures earns 12X return on full exit from M2P Fintech

Lifechart Raises $500K to Scale Full Stack AI-Powered Gut Wellness Solutions

Aniket Metals Pvt Ltd raises INR 550 Million in Private Placement Round from Bharat Value Fund

Alchemyst AI raises $300K in Pre-Seed Round led by Inflection Point Ventures, along with 100Unicorns & Early Seed Ventures

Muthoot FinCorp Ltd announces XVII Tranche II series of NCDs, aims to raise Rs. 250 crore

Flyzy To Invest 10 Cr in Tryvisa, aiming to make it the Largest 'Made-In-India' Visa Solutions Provider

Furnishka Raises Rs. 27 Crore in Pre-Series A, bringing the total valuation to Rs. 45 Crore across Two Rounds

Magma HDI launches OneProtect - A Contemporary Personal Accident Insurance for Active Lifestyles

Conscious Chemist announces INR 12 Cr funding from Atomic Capital, welcomes Apoorv Gautam to the Board

ClayCo Cosmetics Raises $2 Million from Unilever Ventures to Scale Operations and Expand Product Portfolio

Icon Facilitators Limited targets Rs. 100 Crore revenue by FY27, Plans IPO to Fuel Growth

DRA Homes Acquires Prestigious Marina Mall Residences on OMR, Chennai

Preparing Future-Ready Talents in Auto Sector

The Health Factory Raises $3.5 Million in Seed funding led by Peak XV's Surge

INDmoney's Indian stock broking platform, INDstocks hits 5,58,720 active investors

Bookmybai raises INR 2 Crore in Pre-Series A CCPS Round led by Inflection Point Ventures

FSS unveils Next-Gen Card Management System Powered by BLAZE

Leezu's Secures Pre-Seed Funding to Accelerate Growth in the Pleasure and Sexual Wellness Industry

Wundrsight raises USD 400K in a Seed Round led by Inflection Point Ventures

Vehant Technologies bags contract for Under Vehicle Scanning System from GAIL, IOCL, and Chennai Petroleum

Microsoft acquires Rs.~520 Crore Land Parcel in Pune's Hinjewadi: Square Yards

LiaPlus AI raises INR 2 Crore in Seed Round led by Inflection Point Ventures

VIKRAN Engineering Closes Pre-IPO Up-round of INR 100 Crores

35North India Discovery Fund - II invests USD 3 Million in 'Global Care' - Lavanya Medicare Solutions

Medront raises INR 1.06 Cr in Pre-Seed Round led by Inflection Point Ventures

Edelweiss Life records its highest-ever Claim Settlement Ratio of 99.23% in FY24

AI Startup 'just words' Secures $1.7M in Seed Funding from Peak XV and Y Combinator

InsurancePadosi raised $500K in Funding Led by Antler

Ecom Express Unveils New Brand Identity

Manufacturing Tech startup Fabrication Bazar raises $3 million in Pre-Series A from Physis Capital and ICMG

Verticalized SaaS Payments platform Easebuzz revenue surges to INR 290 Crore in FY 24, eyes IPO in next 2-3 years

Inflection Point Ventures announces full exit from Fashor with 33% IRR

Ev2 Ventures & Caret Capital Lead US$ 1 Million Seed Investment Round in Autonomous Solutions Company Rosh.Ai

TransBnk raises $4 million in Series-A funding round led by 8i Ventures, Accion

NCLT approves slice and North East Small Finance Bank's Merger

PayU and Fynd enter into strategic partnership to Boost Payment Experiences for Merchants in India

Marine robotics Deep tech startup EyeROV raises INR 10 Crore in Pre-Series A led by Unicorn India Ventures

Neo Raises INR 400 Crore in Latest Funding Round Led by MUFG and Euclidean Capital

NSE registered investor base crosses 10 crore unique investors (unique PANs) and 19 crore total accounts


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020