🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Pantomath's Bharat Value Fund strikes fresh bet in local diaper maker

VCCircleVCCircle · 10m ago
Pantomath's Bharat Value Fund strikes fresh bet in local diaper maker
Medial

- Bharat Value Fund, managed by Pantomath, has invested Rs 122 crore in Millennium Babycares Pvt. Ltd, the operator of the BumTum brand. - Millennium is the first Indian manufacturer to set up Japanese lines, allowing the company to cater to various segments in the Indian and international markets. - Millennium specializes in baby care, femcare, and adult care products and sells under the BumTum, Elduro, and Freeme brands through omni-channel sales. - The investment will support BumTum's market expansion in India and internationally, particularly through general trade and export markets. - Millennium reported a revenue of Rs 585 crore in FY24, growing at a CAGR of 53% from FY20 to FY24. The company produces 4 million baby diapers, 500,000 sanitary napkins, and 100,000 adult diapers daily. - Bharat Value Fund aims to raise close to Rs 2,000 crore ($240 million) and has previously enjoyed successful exits and returns from its portfolio companies.

EV two-wheeler manufacturer BGauss raises Rs 161 Cr

EntrackrEntrackr · 6m ago
EV two-wheeler manufacturer BGauss raises Rs 161 Cr
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.

Download the medial app to read full posts, comements and news.