ITC to acquire organic FMCG staples brand 24 Mantra Organic for ₹472.5 crore
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🤯 ITC 🔥
ITC paid over Rs 1 crore annual salary to 350 employees in the financial year 2023-24 (FY24), the company said in its annual report.
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ITC, a major player in the FMCG sector, is set to acquire an additional 73.5% stake in Mother Sparsh Baby Care, a D2C brand known for its natural baby care products. This move will make Mother Sparsh a wholly-owned subsidiary of ITC.
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Is it possible to get seed funding for FMCG brand?