Millennium Babycares has secured Rs 122 crore in a private placement round from Bharat Value Fund (BVF).The funding will be used by Millennium to expand its market share domestically and internationally.Millennium Babycares, founded in 2015, specializes in the manufacture of pant-style diapers.BVF recognized the strong potential of Millennium's flagship brand, Bumtum, and the investment will support the brand's expansion and growth.