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UK FMCG businesses in the lower mid-market are typically valued on an EBITDA multiple basis, with multiples adjusted up or down depending on brand strength, distribution depth, recurring revenue profile, and category growth rate

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Dinesh Advani, Co-founder, PlayShifu , shared, Marketplaces help us reach new customers, while our D2C channels help us build a loyal and engaged base that keeps coming back. Neha Makdey, Founder and CEO, Nesta Toys , said, Our growth is currently driven through our D2C website, marketplaces and quick commerce platforms, allowing us to reach parents wherever they prefer to shop while maintaining a consistent brand experience. This shift shows that while D2C may not yet be the largest channel, it is becoming critical for brand building and repeat engagement