[Funding News] Millennium Babycares Secures Rs 122 Cr from Bharat Value Fund

The Bharat Value Fund (BVF) has closed its Rs 122 crore private placement round, with Millennium Babycares Ltd offering a sizeable minority share.

The money raised will be used by Millennium to grow its market share both domestically and abroad.

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Ramprakash Beria, the founder of Millennium Babycares, said, “With this private placement, we are confident that Millennium is well-positioned for a robust growth trajectory. We remain committed to our mission of delivering hygiene care products while expanding our market reach and enhancing value for our stakeholders.”

Established in 2015 by Ram Prakash Beria and Dipendra Bhimsaria, Millennium Baby Care is a pioneer in the manufacture of pant-style diapers.

Madhu Lunawat, Chief Investment Officer (CIO) of Bharat Value Fund, stated, “We are pleased to invest in Millennium, recognizing their strong potential in the diaper industry. Bumtum, their flagship brand, is well-positioned for rapid market expansion, both in India and internationally. This investment will support Bumtum’s plant expansion and aggressive growth through general trade and export markets.”

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