Brand · India

Futuregroup to raise 300 crore for FMCG business.

Kishore Biyani lead future group is in talk with various strategic investors to rise 300 crore for the FMCG business. As per reports two Belgium based company Verlinvest and Arisaig has decided to invest in the CO in the near future. Both these companies hold 10% of the comapny. Kishore Biyani , the man behind the retail revolution of the country has focused majorly in retail sector in recent years.

The company has recorded a net growth of Rs 447 crore for the quarter ended in September this year . The company has grown by 52% in this quarter which is a good sign for the company. Company’s flagship brands like Sunskrit and Harvest has also shown growth. The group has launched a series of new brands and flour based foods which have been a huge success in recent times.

It will be interesting to see when and where the investment would take place and what will be the future of the company.

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