Kishore Biyani in talks to raise funds for FMCG Business

Biyani's Belgium-based family owned consumer sector focused investment companies Verlinvest and Arisaig might invest into his FMCG business.
Kishore Biyani

Founder of the Future Group and one of India’s leading retailers, Kishore Biyani, is planning to raise about Rs 300 crore from family offices for his FMCG business, Future Consumer Enterprise.
Biyani’s Belgium-based family owned consumer sector focused investment companies Verlinvest and Arisaig might invest into his FMCG business. Both Verlinvest and Arisaig currently hold 10% stake in Future Group Holdings. Company’s entire FMCG business is driven by its convenience store chain, Nilgiris and KB’s.
Future Group reported revenues of Rs 447 crore for the quarter ended September 2016 which is 52% over the same quarter last year. The annual sale for FCE is estimated at about Rs 2,500 crore. The company's flagship brands include Sunkist for beverages and jams, Tasty Treat for snacks, ketchups and savouries, Nilgiris for dairy and bakery products, and Golden Harvest offering staples and spices.
Indian family offices have become prominent investors in the recent times, with most such offices now investing either in companies through venture capital and private equity fund or by being angel and seed investors.

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