New Delhi, May 18 -- A consumer sector professional who has worked with companies such as Marico Ltd and Phillips before founding and selling his own startup has joined an investment vehicle formed by the Taparia family as partner.

The Taparia family previously owned Famy Care and sold the women's healthcare company to Mylan for $800 million in 2015. The group was started by JP Taparia, the family patriarch, and is now led by his sons Sanjeev and Ashutosh. The family runs non-bank lender Famy Finance and invests in companies via their family office and through alternative investment firm Ananta Capital, which is led by Ashutosh Taparia.

In addition, the family has also started Famy Aspire Capital, a mid-market private equity firm focused on the consumer and healthcare sectors.

Famy Aspire Capital has now appointed Sumant Kakaria as partner. The move comes soon after Vikram Popli, a partner at the firm, moved to Tata Healthcare Capital Fund in January.

Famy's consumer platform will focus on "strategic investments and building the next generation of high-growth ventures, while we continue to leverage our operating capabilities," Kakaria said in a social media post.

Kakaria couldn't be immediately contacted for details about the Famy Aspire fund.

Kakaria previously founded the casual footwear brand Solethreads in 2019, which Mirza International acquired in 2025. Before the acquisition, the company had raised over $7 million in funding from VC firms such as the consumer-focused Fireside Ventures, DSG Consumer Partners, and Saama Capital.

Before his entrepreneurial stint, Kakaria worked as the business head of e-commerce at Marico, where he helped the FMCG company set up its digital business. Kakaria also headed Philips India's e-commerce division, driving the division's growth from Rs 25 crore to Rs 300 crore.

Across his 19 years of experience in the consumer sector, Kakaria has also worked in sales, distribution, and strategy departments for companies such as Asian Paints and Godrej Consumer Products.

Published by HT Digital Content Services with permission from VC Circle.