Sanjiv Goenka sets up Rs 1 billion fund; to invest in FMCG start-ups

Focussing on expanding its product portfolio as well as its geographical presence in the country, the RP-Sanjiv Goenka Group has been looking at acquisitions

The RP-Sanjiv Goenka Group has created a Rs 1 billion venture capital fund to invest in fast-moving consumer goods (FMCG) start-ups.

According to group Chairman Sanjiv Goenka, capital appreciation in the FCMG sector had led the group to come up with the fund. 

“If the companies are good, our inputs can help them scale up. At some stage, they could become very good acquisition targets. Many of them will want to exit in three to five years, so then we give them an automatic exit option,” Goenka told Business Standard.

Goenka is keeping his options open, ranging from seed funding