Godrej | Pixr8 News

12Jul By NitishNo Comments

FUNDING

Mumbai Based Mumum Co Raises $500000 Angel Funding

Mumbai-based children’s snack foods company Mumum Co raises ₹3.4 crores angel funding from angel investors like Nisa Godrej, Executive Chairman of Godrej Consumer Products Ltd, and Siddharth Parekh and Sumeet Nindrajog, co-founders of Paragon Partners. The food company will use this funding to offer a new product range, team hiring, and expansion in tier 2 cities. Founded by Farah Nathani Menzies & Shreya Lamba in 2017, Mumum Co makes healthy and nutritious snacks for kids combining fruits, grains, and veggies. “The “very, very real” nature of Mumum Co products comes from our conscious effort to feed our kids with 100% natural and nourishing foods to help their little bodies grow better and faster with no preservatives or additives”, said Shreya Lamba, Co-founder...

Godrej Appliances Target 25%, Nearly 5000 Crore Revenue Growth in FY18-19

The Godrej Group sets target for its consumer durable's division Godrej Appliances nearly 5000 crores, 25 percent up in 2018-19. The group expected higher demand from tier 1 to tier 4 cities. The air conditioner (AC) segment of Godrej aims to increase its overall market share to 8 per cent from 5 per cent at present. The size of the AC market estimated to be 55 lakh units growing at a compounded rate of 20 per cent. However the penetration levels of AC is merely around 3.6-3.7 per cent in the country, according to industry estimates. The Air conditioners segment currently contribute close to 20 per cent of the Godrej revenues. "We should be close to Rs 4000 crore this financial year. We will be targeting a 25 per cent growth next year, at close to about Rs 5000 crore," Kamal Nandi...

Godrej acquires US-based Strength of Nature (SON)

Godrej Consumer Products Ltd (GCPL), the fast moving consumer goods arm of the $4 billion-Godrej Group, has acquired US based company Strength of Nature. Nature a US-based company that makes hair care products targeted at women of African descent. The acquisition amount has not been disclosed. Adi Godrej, chairman of the Godrej Group, said on Saturday that with this acquisition, GCPL would be the leading company that makes hair care products for women of African descent. According to GCPL’s presentation, the global market for hair care targeted at women of African descent is valued at $4.5 billion - $2.3 billion in Africa, $1.6 billion in the US and the remaining in other regions of the world. Over the last few years GCPL has followed a growth strategy, which it calls three-by-...