Organic food firms distance themselves from Bellamy's

James Thomson and Michael Smith

Updated Jan 3, 2017 – 4.44pm, first published at 4.25pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Organic baby food and infant formula company Bubs Australia has started to repay the faith of its big name backers, shaking off the shadow of stricken rival Bellamy's Australia to make a solid debut on the ASX.

The company, whose backers include Wattle Hill, the private equity fund run by Jessica Rudd's husband Albert Tse, Ellerston Capital's Ashok Jacob and the Kerry Stokes family investment vehicle, saw its shares rise to 13.5¢ on Tuesday after a $5.2 million capital raising conducted at 10¢.