Exclusive: BCCL’s Springboard may back food & beverage firm
Springboard Ventures, an investment arm of media house Times Group’s holding company Bennett Coleman & Co Ltd (BCCL), is looking to invest in a Delhi-based food and beverage firm, a person privy to the development told VCCircle. Springboard, which is part of Brand Capital, focuses on co-creating what it calls ‘Super Brands’ from asset-light business concepts. The investee firms under Springboard include grocery e-tailing venture LocalBanya, lingerie firm Daiki Brands (with brands such as Biara and Peri Peri) and diabetes care firm Lifespan. BCCL usually invests in firms through its arm Brand Capital. Although sector agnostic, it largely targets firms...
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