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Millenium Babycares raises $14.5 Mn led by Bharat Value Fund

EntrackrEntrackr · 9m ago
Millenium Babycares raises $14.5 Mn led by Bharat Value Fund
Medial

Millenium Babycares, a direct-to-consumer brand, has successfully raised Rs 122 crore (approximately $14.5 million) in a funding round led by Bharat Value Fund, managed by Pantomath Capital. The funding will be used to expand their manufacturing capabilities and enhance their presence in general trade and export markets, Millenium Babycares said in a press release. Founded in 2015 by Dipendra Bhimsaria and Ramprakash Beria, Millenium Babycares specializes in pant-style diapers and offers products in sizes ranging from newborn to XXXL. The company’s products are available on its website as well as through major online platforms like Amazon and Flipkart. The company operates across three segments: baby care, femcare, and adult care. Under the “Bumtum” brand, they produce baby diapers, while adult incontinence products and sanitary napkins are marketed under the “Elduro” and “Freeme” brands, respectively. Based in Indore, Millenium Babycares claims a production capacity of 4 million baby diapers, 500,000 sanitary napkins, and 100,000 adult diapers daily. The firm reported a revenue of Rs 585 crore for the fiscal year 2023-24, achieving a remarkable CAGR of 53% from FY20 to FY24, and generating Rs 150 crore in revenue for the fiscal year ending March 2023.

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

VCCircleVCCircle · 9m 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.

Clodura.AI raises $2 Mn led by Bharat Innovation Fund

EntrackrEntrackr · 1y ago
Clodura.AI raises $2 Mn led by Bharat Innovation Fund
Medial

Clodura.AI, an innovator in AI-driven sales prospecting solutions, has raised $2 million in its pre-Series A funding round led by the Bharat Innovation Fund with additional backing from Malpani Ventures. This proceeds will be used to fuel the enhancement of Clodura.AI’s platform which uses Large Language Models (LLMs) and generative AI to streamline the sales process from prospecting through to closure. Founded by Kapil Khangaonkar, Clodura.AI helps sales professionals find decision-makers, gather actionable sales intelligence, automate outreach campaigns, and create a 10X sales pipeline. The platform supports sales professionals by providing consistently updated, quality data, enabling precise targeting and effective communication. Clodura.A’s email cadence capabilities help sales professionals generate more interactions and book more meetings. As per the company, it eliminates hours of manual drudgery spent each day on creating and sending sales outreach emails and follow-ups.

ReelSaga raises $2.1 Mn in seed round led by Picus Capita

EntrackrEntrackr · 2m ago
ReelSaga raises $2.1 Mn in seed round led by Picus Capita
Medial

ReelSaga, a mobile-first entertainment startup, has raised $2.1 million in a seed funding round led by Picus Capital. The round also saw participation from ITI Growth Opportunities Fund, Nazara Technologies, 8i Ventures, Waveform Ventures, Warmup Ventures, Bombay54, Bharat Founders Fund, and several angel investors. The proceeds will be used to enhance app development and produce high-quality, localized content targeted at mobile users in India, Southeast Asia, and the Middle East regions. Founded in 2024 by Shubh Bansal, Shanu Vivek, and Ritesh Pandey, ReelSaga’s platform offers vertical, short-form dramas ranging from 1–2 minutes per episode, blending storytelling with quick, binge-worthy content. The founders, who previously co-founded Truebil (later acquired by Spinny), aim to redefine mobile entertainment through hyper-personalized content powered by data science and product innovation. Microdramas—a popular format in China with over 5,000 series produced each year—are emerging as a mainstream entertainment choice. ReelSaga plans to introduce this trend to India with localized, emotionally engaging short episodes. ReelSaga’s app is now live, marking its entry into India’s evolving digital entertainment landscape.

Shark Tank India-backed Koparo raises $1.7 Mn

EntrackrEntrackr · 3m ago
Shark Tank India-backed Koparo raises $1.7 Mn
Medial

D2C home cleaning brand Koparo is raising Rs 14.5 crore (approximately $1.7 million) in an extended pre-Series A round led by existing investor Saama Capital with the participation of Vikramaditya Mohan Thapar Family Trust, DSG Consumer Partners, M Venture Partners, and others. Previously in February 2024, Koparo raised Rs 6 crore from 4P Capital Partners and Shark Tank India. The board at Koparo passed a special resolution to issue 2,314 pre-Series A2 compulsory convertible preference shares at an issue price of Rs 62,666 each to raise Rs 14.5 crore ($1.7 million), its regulatory filing accessed from the Registrar of Companies (RoC) shows. The proceeds will be used to meet the working capital requirements, general corporate purposes, or funding current/future expansion plans of the company, according to filings. According to Entrackr’s estimates, the company's valuation surged by nearly 90%, reaching Rs 124 crore (approximately $14.6 million) compared to its previous funding round. Founded by Simran Khara, Koparo offers natural alternatives to regular cleaning products. With a portfolio of more than 15 products and over 30 SKUs across core and specialty cleaning, its range includes floor cleaners, laundry detergent, fabric conditioners, dishwash liquid, handwash, accessories, and fresheners. According to startup data intelligence platform TheKredible, the Delhi-based company has raised nearly $3 million prior to this round from investors including Saama Capital, M Venture Partners, 4P Capital Partners, and others. Post-allotment, Saama Capital will be the largest external shareholder with a 15.36% stake in the company. In the fiscal year ending March 2024, Koparo’s operating revenue surged 2.3X to Rs 10.22 crore, up from Rs 4.37 crore in FY23. The company reported losses of Rs 5.86 crore in FY24.

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