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Investors gain big appetite for small consumer brands
Investors gain big appetite for small consumer brands

Economic Times

time18-07-2025

  • Business
  • Economic Times

Investors gain big appetite for small consumer brands

About a dozen small, regional consumer brands are either in the process of raising private equity funding or are being pursued by investors keen to acquire minority stakes, executives said. These include Ahmedabad-based frozen food maker Iscon Balaji, skincare brand Dermabay, condiment and noodle brand Moi Soi, Raipur-based Zoff Spices, and soft drink maker Bindu Jeera. The intense activity in small and mid-sized companies comes at a time when their larger rivals are trailing in finalising acquisitions and broader growth plans as they battle with sluggish demand in India's major mid-sized funding deals were finalised in recent weeks including snacking brand Khari Foods, desserts chain FES Café, and moss-based supplement maker CosMoss. Chandigarh-based Lahori Zeera and dairy and daily essential brand Country Delight too have raised more than ₹200 crore each. 'We plan to raise ₹5-7 crore over the next two quarters from a clutch of angel investors and family offices to scale our presence and accelerate innovation,' said Divneet Kaur, co-founder of Dermabay. The Ludhiana-based maker of clinically-created skincare products started operations in Foods, which sells noodles, ready-to-cook meals, and condiments under the Moi Soi range, is raising its first institutional round of Rs 30 crore, said its director Deb Mukherjee. 'The funds will be used to fuel the next phase of growth and scale Moi Soi into a Rs 500 crore brand over the next three years… as a bootstrapped venture, we've gone up against legacy players with limited resources, reaching profitability along the way,' said attribute the surge in investor interest to a combination of factors.'We thought premium was about affluent metros but it's very much visible in smaller towns. Also, quick commerce and e-commerce have reduced the advantage of legacy brands on distribution and availability,' said Kannan Sitaram, co-founder and partner at Fireside Ventures, an early-stage fund, which has invested in Jaipur-based dairy firm Frubon, teen-care beauty brand Sammmm, and Chennai-based Sweet Karam Coffee, among others. 'It is this opportunity that investors including us are looking at—to build brands based on regional foundations.'Industry trackers said while the bigger consumer transactions have become rare with large companies grappling with slowing sales, especially in cities, it is the smaller ticket deals that have deal volumes rose 26% year-on-year in Q2 of the current calendar, though values dropped to the lowest since Q4 2022, reflecting a shift toward smaller-ticket transactions, consulting and audit firm Grant Thornton Bharat noted in its 'Consumer & Retail Dealtracker' report for the June quarter. The report added that it recorded 120 deals valued at $884 million in the quarter, including IPO and QIP activity. While palm oil-free snacking company Khari Foods raised Rs 3 crore in seed funding led by Meri Punji IMF last month, Gurugram-based dessert cafe brand FES Café too raised Rs 3 crore in seed funding from serial entrepreneur Aakash Anand and his venture Wolfpack a wellness brand focused on sea moss-based supplements, also raised undisclosed seed funding. Executives at legacy companies, including Hindustan Unilever, Nestle and Tata Consumer Products, have called out the threat from smaller brands in recent interviews and earnings calls. 'Smaller companies are turning more noticeable than the big giants, they are broad-basing consumption and also keeping larger companies from getting complacent. I think it's good for the industry,' said Suresh Narayanan, outgoing managing director at Nestle India. The instant noodles category itself has been exploding with dozens of regional brands, many of which are competing on price.

Kajol, Rani Mukerji's Uncle Rono Mukherjee Dies; Ayan Mukerji, Ashutosh Gowariker Pay Last Respects
Kajol, Rani Mukerji's Uncle Rono Mukherjee Dies; Ayan Mukerji, Ashutosh Gowariker Pay Last Respects

NDTV

time29-05-2025

  • Entertainment
  • NDTV

Kajol, Rani Mukerji's Uncle Rono Mukherjee Dies; Ayan Mukerji, Ashutosh Gowariker Pay Last Respects

Mumbai (Maharashtra): Director Rono Mukherjee, known for his films Haiwan (1977) and Tu Hi Meri Zindagi (1965), dies on Wednesday in Mumbai due to cardiac arrest. Rono was the uncle of renowned Bollywood actors Kajol and Rani Mukerji and the father of Sharbani, Siddharth, and Samrat Mukherjee. He was also the uncle of director Ayan Mukerji and actress Tanishaa Mukerji. His final rites were attended by his family, Sharbani Mukherji, Samrat Mukerji, Siddharth Mukerji, Kajol, Tanishaa Mukerji, and Ayan Mukerji, including his well-wishers, Bharat Dabholkar, Rego B, Rema Lahiri, Gobind Bansal, and Bappa Lahiri, who came to pay their last respects. His funeral took place at Santacruz Hindu Crematorium. His last rites were performed by his son, Samrat Mukherjee. Filmmaker Ashutosh Gowariker was also present at the funeral. Meanwhile, Deb Mukherjee, Ayan Mukerji's father died on March 14 this year. Deb Mukherjee's funeral was held at the Pawan Hans Crematorium in Juhu on Friday at 4 pm. Born in Kanpur, Deb Mukherjee was part of the famous Mukherjee-Samarth family, whose involvement with the film industry spans four generations, beginning in the 1930s. Rono was the eldest of the Mukherjee brothers and the President of North Bombay Durga Puja.

Kajol, Rani Mukerji's uncle Rono Mukherjee passes away; Ayan Mukerji, Ashutosh Gowariker, others pay last respects
Kajol, Rani Mukerji's uncle Rono Mukherjee passes away; Ayan Mukerji, Ashutosh Gowariker, others pay last respects

India Gazette

time28-05-2025

  • Entertainment
  • India Gazette

Kajol, Rani Mukerji's uncle Rono Mukherjee passes away; Ayan Mukerji, Ashutosh Gowariker, others pay last respects

Mumbai (Maharashtra) [India], May 28 (ANI): Director Rono Mukherjee, known for his films Haiwan (1977) and Tu Hi Meri Zindagi (1965), passed away on Wednesday in Mumbai due to cardiac arrest. Rono was the uncle of renowned Bollywood actors Kajol and Rani Mukerji and the father of Sharbani, Siddharth, and Samrat Mukherjee. He was also the uncle of director Ayan Mukerji and actress Tanishaa Mukerji. His final rites were attended by his family, Sharbani Mukherji, Samrat Mukerji, Siddharth Mukerji, Kajol, Tanishaa Mukerji, and Ayan Mukerji, including his well-wishers, Bharat Dabholkar, Rego B, Rema Lahiri, Gobind Bansal, and Bappa Lahiri, who came to pay their last respects. His funeral took place at Santacruz Hindu Crematorium. His last rites were performed by his son, Samrat Mukherjee. Filmmaker Ashutosh Gowariker was also present at the funeral. This comes after the passing away of Deb Mukherjee, Ayan Mukerji's father, who died on March 14 this year. Deb Mukherjee's funeral was held at the Pawan Hans Crematorium in Juhu on Friday at 4 pm. Born in Kanpur, Deb Mukherjee was part of the famous Mukherjee-Samarth family, whose involvement with the film industry spans four generations, beginning in the 1930s. Rono was the eldest of the Mukherjee brothers and the President of North Bombay Durga Puja. (ANI)

Director Rono Mukherjee passes away at 83; Ayan Mukerji and Tanishaa Mukerji attend uncle's funeral in Mumbai
Director Rono Mukherjee passes away at 83; Ayan Mukerji and Tanishaa Mukerji attend uncle's funeral in Mumbai

Time of India

time28-05-2025

  • Entertainment
  • Time of India

Director Rono Mukherjee passes away at 83; Ayan Mukerji and Tanishaa Mukerji attend uncle's funeral in Mumbai

Veteran filmmaker Rono Mukherjee, who is known for directing films like Haiwan (1977) and Tu Hi Meri Zindagi (1965), passed away in Mumbai on May 28 at the age of 83. He had reportedly been suffering from age-related health issues for the past few months. The Mukherjee family, one of Bollywood's most illustrious film dynasties, came together to pay their last respects to the late director. His daughter, actress Sharbani Mukherjee, was seen surrounded by cousins and close family members during the final rites. Kajol absent due to film promotions, others attend despite rain While cousins Tanishaa Mukerji and filmmaker Ayan Mukerji were spotted braving the rainy streets of Mumbai to attend the funeral, Kajol couldn't be present due to her promotional commitments for her upcoming film Maa. However, the bond between the family members was evident in their quiet solidarity at the somber occasion. View this post on Instagram A post shared by ETimes (@etimes) Filmmaker Ashutosh Gowariker , who is married to Sunita Gowariker , daughter of Deb Mukherjee, was also seen at the funeral. That makes him brother-in-law to Ayan Mukerji, who had lost his father, Deb Mukherjee, just a few months ago in March. A year of loss for the Mukherjee family Rono Mukherjee's passing marks the second major loss for the Mukherjee family in 2024, following the death of his younger brother, actor Deb Mukherjee, earlier this year on March 14. The family has long held a significant place in Bollywood history, with stalwarts like Joy Mukherjee, Shomu Mukherjee, and their descendants carrying forward the legacy. Check out our list of the latest Hindi , English , Tamil , Telugu , Malayalam , and Kannada movies . Don't miss our picks for the best Hindi movies , best Tamil movies, and best Telugu films .

Rono Mujherjee passes away: All you want to know about veteran filmmaker related to Ayan Mukerji and Kajol
Rono Mujherjee passes away: All you want to know about veteran filmmaker related to Ayan Mukerji and Kajol

Pink Villa

time28-05-2025

  • Entertainment
  • Pink Villa

Rono Mujherjee passes away: All you want to know about veteran filmmaker related to Ayan Mukerji and Kajol

Trigger warning: This article contains mention of death. A couple of months after Ayan Mukerji's father, Deb Mukherjee 's, demise, his uncle Rono Mukherjee also passed away in Mumbai. He breathed his last today, on Wednesday, May 28, 2025. The reason for his death is yet unknown, but the tragic incident has sent shock waves through the entire Mukherjee family. Soon after, the family members of the Mukerjee family, including the War 2 director, Ashutosh Gowariker, and more, arrived to pay their last respects. Who was Rono Mukherjee? Rono Mukherjee was the father of actress Sharbani Mukherji, known for her appearances in movies like Mohandas, Border, God Only Knows!, and more. He was also a veteran filmmaker who directed two films in his career, Tu Hi Meri Zindagi and Haiwan, which were released in 1965 and 1977, respectively. About Rono Mukherjee's directorial ventures The 1965-released Rono Mukherjee's directorial Tu Hi Meri Zindagi featured his brother Deb Mukherjee, Nivedita, Libi Rana, Salome Roy Kapur, M.B. Shetty, Gajanan Jagirdar, and more in the key roles. The drama film is rated 6.0/10 on IMDb. Meanwhile, his second directorial Haiwan was released in 1977. The musical thriller featured his brother Laxmi Chhaya, Manik Dutt, Padma Khanna, Deb Mukherjee, Prema Narayan, and Nazneen in the key roles. In addition to this, it also had his brother Joy Mukherjee in a special appearance. About Rono Mukherjee's family legacy Albeit Rono Mukherjee led a very low-key life away from media attention, his familial contribution to Indian cinema can never be overlooked. The late director belonged to the respected Mukherjee-Samarth family. His cousins included Ram Mukherjee (Rani Mukerji's father), Shyam Mukherjee, Gitanjali Mukherjee, Subhash Mukherjee, and Sanjoy Mukherjee. He was the brother of Shomu Mukherjee (Kajol's father), Subbir Mukherjee, Joy Mukherjee, and Deb Mukherjee (Ayan Mukherjee's father), all of whom played various significant roles in the Indian film industry. This naturally relates him to several Bollywood names, including Kajol, Rani Mukerji, Tanishaa Mukerji, and filmmaker Ayan Mukerji as their uncle. For the unversed, Rono's father, Sashadhar Mukherjee, was a pioneer producer in Indian cinema, and their cinematic roots span acting, direction, and production. Rono Mukherjee's family members arrive for his last rites Despite incessant Mumbai rains, soon after the demise of Rono Mukherjee, Ayan Mukerji and Tanishaa Mukerji arrived to be with their cousin and actress, Sharbani Mukherji. In a video shared by the paps, the War 2 director came out of his car and held his umbrella. He was followed by Tanishaa, who was also captured while she made her way inside the cremation ground. Both of them were seen in white outfits, while Ayan opted for a white kurta pajama, and Tanishaa was seen in a traditional suit. Watch video Notably, Kajol, who happens to share a close bond with Sharbani Mukherjee, was nowhere to be seen. It seems that the actress couldn't make it to the last rites due to her prior commitments. However, their bond on annual Durga Puja always caught everyone's attention. In addition to this, director Ashutosh Gowariker, accompanied by his wife Sunita Gowariker, also arrived to pay their last respects to Rono Mukherjee. In case you didn't know, Sunita Gowariker is the sister of director Ayan Mukherjee. Sunita was seen in a white coordinated set, and the Lagaan director was seen in a blue shirt paired with denim pants. Watch video It is worth mentioning that the demise of Rono Mukherjee comes as the second shocking news for the Mukherjee family after Ayan Mukerji's father, Deb Mukherjee's, passing. It was only earlier this year, on March 14, 2025, that he left for his heavenly abode at the age of 83 after battling age-related issues. He was last seen in the 2009-released Shahid Kapoor-led Kaminey, which was directed by Vishal Bhardwaj.

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