Former Global CEO of Reckitt Benckiser Rakesh Kapoor has founded an Rs 830-crore fund that will invest in consumer-focused businesses over the next three years, media networks have reported.
As per Kapoor, 12 Flags India Consumer Fund will work with businesses to ensure early growth.
The fund will focus on sectors like consumer health, wellness, pet and companion animal, nutrition and restaurants.
Kapoor plans to first invest in 10-15 businesses, providing long-duration capital, media reports said.