CosmicTaco

Bumtum Secures INR 122 Cr for Expansion and Market Presence

CosmicTaco · 2024-10-11T12:25:34.171353+05:30

- Bumtum's parent company, Millenium Babycares, has raised INR 122 Cr ($14.5 Mn) from Bharat Value Fund (BVF). - The funds will be used to expand the startup’s manufacturing unit and strengthen its presence in general trade and export markets. - Millenium Babycares operates three verticals: baby care, femcare, and adult care products. - The company claims to produce 4 Mn baby diapers, 5 Lakh sanitary napkins, and 1 Lakh adult diapers daily. - It reported a revenue of INR 585 Cr in FY24, witnessing a compounded annual growth rate of 53% between FY20 and FY24. Source: [Inc41](https://inc42.com/buzz/d2c-babycare-brand-bumtum-laps-up-inr-122-cr-from-pantomath-capital-to-boost-exports/)

Bumtum's parent company, Millenium Babycares, has raised INR 122 Cr ($14.5 Mn) from Bharat Value Fund (BVF).
The funds will be used to expand the startup’s manufacturing unit and strengthen its presence in general trade and export markets.
Millenium Babycares operates three verticals: baby care, femcare, and adult care products.
The company claims to produce 4 Mn baby diapers, 5 Lakh sanitary napkins, and 1 Lakh adult diapers daily.
It reported a revenue of INR 585 Cr in FY24, witnessing a compounded annual growth rate of 53% between FY20 and FY24.

Source: Inc41