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 newly acquired funds will be utilized to expand manufacturing capabilities and enhance the brand’s presence in general trade and export markets, according to a press release.

Founded in 2015 by Dipendra Bhimsaria and Ramprakash Beria, Millenium Babycares specializes in pant-style diapers with product offerings spanning sizes from newborn to XXXL. Their products are available on their website and major online platforms such as Amazon and Flipkart.

The company operates in three main segments: baby care, femcare, and adult care. Under the brand “Bumtum,” Millenium Babycares produces baby diapers, while adult incontinence products and sanitary napkins are marketed under the “Elduro” and “Freeme” brands, respectively.

Based in Indore, Millenium Babycares boasts a production capacity of 4 million baby diapers, 500,000 sanitary napkins, and 100,000 adult diapers daily. The company reported an impressive revenue of Rs 585 crore for the fiscal year 2023-24, achieving a CAGR of 53% between FY20 and FY24, with Rs 150 crore in revenue for the fiscal year ending March 2023.

 

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