October 11, 2024: Millennium Babycares engaged in hygiene care products business, has raised Rs 122 crore in a private placement round. The startup aims to deploy the fresh capital to back its forward looking growth plans, plus plant expansions, further expand its market footprints through general trade and export channels.
Ramprakash Beria, Founder, Millennium Babycares, revealed in a statement “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,”
Founded in 2015 the firm specialises in baby care, femcare, and adult care products. Its flagship brand Bumtum offers baby diaper products. The company also manufactures adult incontinence products under Elduro and femcare products under Freeme brand.
Millennium Babycares Manufacturing Facilities Potential
The company’s production facilities incorporates advanced Japanese manufacturing lines. It produces ultra-premium hygiene products for both Indian and global markets. Its plant capacity is capable of producing 4 million baby diapers, 500,000 sanitary napkins, and 100,000 adult diapers daily.
Millennium Babycares recorded Rs 585 crore in revenue in FY24, a 53% compound annual growth rate over fiscal years 2020 through 2024, the company stated. With certifications like ISO, BIS, SEDEX, and GMP, it offers packaging design, marketing support, after-sales services, and doorstep delivery.
The latest round of investment was led by Bharat Value Fund (BVF)—a Category II alternative investment fund launched by India Inflection Opportunity Trust in August this year with a targeted corpus of Rs 2,000 crore. BVF primarily targets pre-IPO investment opportunities in Indian growth-stage enterprises.
