The funds will be used for the expansion of the startup’s manufacturing unit and solidifying its presence in general trade (GT) and export markets
Founded in 2015, Millenium Babycares operates three verticals focussed on baby care, femcare, and adult care products
Millenium Babycares claims to produce 4 Mn baby diapers, 5 Lakh sanitary napkins, and 1 Lakh adult diapers daily. It also claims to have clocked a revenue of INR 585 Cr in FY24
D2C brand Bumtum’s parent Millenium Babycares has raised INR 122 Cr ($14.5 Mn) in a private placement round from Pantomath Capital-managed Bharat Value Fund (BVF).
The investment firm acquired a minority stake in the company. The funds will be used for the expansion of the startup’s manufacturing unit and to solidify its presence in general trade (GT) and export markets.