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Haldiram Bhujiawala raises ₹235 cr from Pantomath’s Bharat Value Fund
Livemint
·
9m ago
Medial
Pantaloon's Bharat Value Fund has invested INR 235 crore in Kolkata-based snack brand Haldiram Bhujiawala for a minority stake. Haldiram plans to use the funds to expand its manufacturing units and markets outside of eastern and northeastern India. The company currently operates in West Bengal, Bihar, Jharkhand, and the northeastern regions, and has three manufacturing units. The snacking market is estimated to be worth INR 42,600 crore in FY24 and is expected to reach INR 95,500 crore in the next eight years. This investment marks Pantaloon's sixth overall investment in Haldiram and its third in the consumer sector in the past three months.
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Haldiram Bhujiawala secures Rs 235 crore from Pantomath's Bharat Value Fund; sells minority stake
Economic Times
·
9m ago
Medial
Kolkata-based snack brand Haldiram Bhujiawala has secured Rs 235 crore from private equity investor Bharat Value Fund (BVF) in exchange for a minority stake. The funds will be used for expanding manufacturing capabilities and entering new markets. BVF, managed by Pantomath Capital Management, has invested through its second fund, which has a total corpus of Rs 1,650 crore. Haldiram Bhujiawala operates in eastern and northeastern India, with a portfolio of over 100 products and a distribution network of 2,000 distributors. The company plans to achieve revenue exceeding Rs 600 crore by 2025.
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Pantomath’s Bharat Value Fund raises $120 mn for mid-market deals
VCCircle
·
1y ago
Medial
Pantomath Capital Management's India Inflection Opportunity Trust has launched its second Category-II alternative investment fund, the Bharat Value Fund, with a target corpus of around $240 million. The fund aims to support mid-market companies in the core economy segment that promote the "Made in India" ethos. It has already secured commitments of over $120 million in the first close. The fund will focus on pre-IPO investment opportunities and is supported by sovereign funds, global investment firms, and Indian family offices. Pantomath's assets under management have now exceeded $250 million.
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Pantomath’s Bharat Value Fund strikes third local bet in two months
VCCircle
·
9m ago
Medial
Pantomath Capital's Bharat Value Fund has made another investment in a domestic consumer company, following its recent investments in a building materials company and a personal hygiene-facing brand. The fund aims to capture the growing consumption demand in India.
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EV two-wheeler manufacturer BGauss raises Rs 161 Cr
Entrackr
·
6m ago
Medial
EV two-wheeler manufacturer BGauss raises Rs 161 Cr Electric two-wheeler manufacturer BGauss has raised Rs 161 crore ($18.6 million) in funding from Bharat Value Fund (BVF). The round includes a mix of primary and secondary capital. Earlier in April 2022, BGaus had raised Rs 52 crore (around $6 million) from a group of investors led by Darshan Patel, founder of Vini Cosmetics Pvt. Ltd. The proceeds will be used to expand its presence in India and overseas. It also plans to allocate the funds toward capital expenditures, marketing efforts, and enhancing in-house research and development (R&D) for upcoming product launches. Founded in 2020 by Hemant Kabra, BGauss scooters integrate design with AI-enabled technology, providing comfort, low maintenance, power, fast charging, IoT integration, and convenience. The Pune-based startup currently claims to serve around 45,000 customers and plans to expand its dealership network from 120 to 500, with a target of establishing over 1,000 touchpoints across India. BGauss’s manufacturing capacity, currently at 100,000 units per year, is also set to scale as demand increases. BGauss plans to launch two new products this year. In June 2024, the company introduced the RUV 350 scooter, featuring a 3.5-kilowatt motor, 165 Nm peak torque, and a top speed of 75 km/h. For the fiscal year ending in March 2024, BGauss reported Rs 177 crore in revenue from operations against Rs 110 crore in FY23. During the period, its lossed also jumped nearly two-fold to Rs 49.65 crore. BVF, a Category II Alternative Investment Fund managed by Madhu Lunawat of Pantomath Capital Management, invests in growth-stage, profitable businesses like Haldiram Bhujiawala, Aniket Metals, and Millennium Babycares.
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Pantomath’s Bharat Value Fund bets on EV startup BGauss
VCCircle
·
6m ago
Medial
Pantomath’s Bharat Value Fund invested Rs 161 crore in electric vehicle startup BGauss, being the sole investor in the funding round. The investment will be used to boost BGauss's growth strategy, expand in India and internationally, and enhance its R&D for new product launches. The company plans to allocate the funds towards capital expenditure, marketing, and broader expansion efforts, including introducing two new electric two-wheelers this year.
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Pantomath Group asset management arm launches Rs 2,000 Cr Bharat Bhumi Fund
YourStory
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1m ago
Medial
The Wealth Company Asset Management Pvt Ltd of the Pantomath Group launched a Rs 2,000-crore Bharat Bhumi Fund, part of the Bharat Value Fund Series, focusing on real estate. Led by Rakesh Kumar and Bhavya Bagrecha, with advisor Peter Sharp, the fund targets ready-to-launch assets and sectors like data centres, warehousing, and renewable parks. It aims to deploy capital effectively, aligning with India's infrastructure and sustainability priorities in major cities.
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Wow! Momo raises Rs 130-150 Cr led by Haldiram’s Kamal Agrawal and Khazanah
Entrackr
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3m ago
Medial
Wow! Momo has reportedly raised Rs 130–150 crore in a bridge funding round led by Kamal Agrawal from the Haldiram promoter family and Malaysian fund Khazanah Nasional. Economic Times, which reported the development first, added that the funding is structured through convertible notes, with the valuation to be decided in the next round. According to the report, the Kolkata-based quick service restaurant chain is planning to raise $75–80 million (about Rs 600–700 crore) in its next funding round, expected to close in the October–December quarter of 2025. Wow! Momo has raised over Rs 600 crore to date including $42 million (Rs 350 crore) in its Series D led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. Other investors in the current round include family offices and high-net-worth individuals. Agrawal was earlier linked to the Nagpur unit of Haldiram, which later merged with its Delhi counterpart. Wow! Momo operates under four brands: Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. It runs 680 outlets and plans to add 200–250 more by next year. As per TheKredible, Wow! Momo’s revenue from operations grew to Rs 470 crore in the last fiscal year from Rs 413 crore in FY23. It maintained steady losses at Rs 114 crore in FY24. The company is also growing its FMCG business, with frozen momos generating Rs 5 crore in monthly sales, mainly through quick commerce platforms.
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Pantomath’s IIOT Floats Second Cat II Alternative Investment Fund With INR 2,000 Cr Corpus
Inc42
·
1y ago
Medial
Pantomath, an investment firm, launched a fund with a target corpus of INR 2000 Cr ($240 Mn). The firm plans to invest in companies and exit through an initial public offering within three years, with an average investment size of INR 75 Cr. Pantomath has already deployed 100% of the committed money for its first fund, India Inflection Opportunity Fund.
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Bharat Housing Network raises $14.5 Mn Series A led by Nabventures
Entrackr
·
1y ago
Medial
Bharat Housing Network, a tech platform for co-lending in affordable housing, has raised approximately $14.5 million in its Series A round. The funding was led by Nabventures Fund, with participation from other investors including Varanium NexGen Fund and 9Unicorns. The company plans to use the funds to grow its affordable mortgage assets and strengthen its technology platform. Bharat Housing Network aims to reach gross disbursements of $500 million in the next three years.
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Pantomath's Bharat Value Fund strikes fresh bet in building material company
VCCircle
·
11m ago
Medial
Pantomath Capital's Bharat Value Fund has made an investment in a building material company via a private placement round. This category-II alternative investment fund, with a size of Rs 1,000 crore, focuses on growth-stage businesses. The fund is managed by Pantomath Capital's co-founder and CIO, Madhu Lunawat.
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