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Weekly funding recap: Reliance Consumer, DailyObjects lead investment activity

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Weekly funding recap: Reliance Consumer, DailyObjects lead investment activity

This week’s funding activity extended beyond startup fundraising to include investments in manufacturing capacity and business expansion. The combined disclosed investment and fundraising amount stood at approximately Rs 1,343 crore.

By: Saptadeep Paul Bengaluru : Consumer and retail businesses across categories such as FMCG, accessories, health and wellness, kitchen appliances, food and beverages, and jewellery saw a mix of investments and fundraises this week. Reliance Consumer Products led the activity with a plan to invest over Rs 600 crore in an integrated food and beverage park in West Bengal, while lifestyle-tech brand DailyObjects raised Rs 332 crore to fuel its retail expansion and growth plans. Reliance Consumer Products (RCPL), the FMCG arm of Reliance Industries, announced an investment of over Rs 600 crore to set up an integrated food and beverage park at Haringhata in Nadia, West Bengal. This marks the first investment by the Mukesh Ambani-led group’s FMCG arm in the state, where it has secured 30 acres of land for the project. Advt

Sources close to the development said the facility would be the first integrated food park in the eastern region to be owned by RCPL. The company has brands such as Campa and operates manufacturing facilities across the country. In the accessories category, lifestyle-tech brand DailyObjects raised Rs 332 crore in a Series C funding round comprising primary and secondary transactions, led by Xponentia Capital Partners, Anicut Capital and Axiom Asia Private Capital. The transaction values the company at approximately Rs 1,050 crore. DailyObjects plans to use the funds to expand its retail network, invest in product development and research, and explore international markets.


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