Former Reckitt CEO Rakesh Kapoor raises $100-M consumer fund

Rakesh Kapoor, former global chief executive of consumer health and hygiene products major Reckitt Benckiser Group Plc, has raised a USD 100 million (INR 830 crore) VC fund, 12 Flags India Consumer Fund, to invest in India-based, consumer products-focused startups. The fund will focus mainly on sectors including consumer health and wellness, pet and companion animal, coffee, food, nutrition, quick-service restaurants, and consumer discretionary.