Banas Dairy to drop seed bombs on mountains near Ambaji temple
Banas Dairy, one of the largest milk cooperative union in Gujarat, is planning to drop seed bombs on the mountain ranges near the Ambaji temple in Banaskantha district, where forest cover has depleted by over 578 hectares in the last three years. “The mountain ranges in our district have become dry. On June 4, we…
Mooofarm Expects Revenue To Touch INR 200 Crores In FY23
The Agritech startup, Mooofarm, offering Dairy-as-a-Service for dairy farmers, isexpecting to close the upcoming financial year (FY23) with consolidated revenues of INR 200 crores. Whereas, the startup is registering the current revenue of 55 crores (FY22).This is the highest recorded revenue in the dairy space of the startup ecosystem, which makes Mooofarm a cash and…
Consecutive double-digit revenue growth for dairies this fiscal
Rising procurement prices to curb profitability; credit quality outlook remains ‘Stable’ Revenue of the organised dairy sector in India is set for the second straight fiscal of double-digit growth – at 11-12%, a notch below last fiscal’s 13% growth. This will be driven by healthy demand for value-added products (VAP; 28% of overall sales), even…
Consecutive double-digit revenue growth for dairies this fiscal
Rising procurement prices to curb profitability; credit quality outlook remains ‘Stable’ Revenue of the organised dairy sector in India is set for the second straight fiscal of double-digit growth – at 11-12%, a notch below last fiscal’s 13% growth. This will be driven by healthy demand for value-added products (VAP; 28% of overall sales), even…
Alt-dairy pioneer Alt Co. selling around 2 lakh LPD of oat milk
First movers in the alt dairy space, Alt Co. is building a plant-based universe. Rithwik Ramesh, Co-founder of the brand, shares the company’s plans to expand its footprint in India, and add to its popular Oat Milk by growing its portfolio of plant-based products. How do you plan to disrupt India’s established dairy market? Sales…
Dairy farmers to be grouped to promote production, marketing
Steps to help farmers overcome crises in agri economy Dairy farmers in Kerala will soon be organised into joint liability groups to promote production and marketing of milk and milk products and to take up commercial production of fodder, under an integrated programme. Minister for dairy development J. Chinchurani will inaugurate the initiative to set…
Country Delight , a Dairy company raises around Rs 800 Crores
Country Delight, a direct-to-consumer (D2C) food essentials brand, has secured $108 million investment. The funding round was led by Singaporean private equity Temasek and Venturi partners along with SWC global and Trifecta Capital. The existing investors who particopated include IIFL Asset Management, Elevation Capital, Orios Venture Partners and Matrix Partners. The latest funding takes the…
Milk procurement prices hiked by ₹55 per kg fat in Punjab
Punjab cooperation minister Harpal Singh Cheema took the decision after meeting a delegation of dairy farmers in Chandigarh Punjab cooperation minister Harpal Singh Cheema on Tuesday announced an increase in milk procurement prices by ₹55 per kg fat for dairy farmers. The decision was taken after a meeting with a delegation of dairy farmers. The increase…
Defamatory videos: HC orders in favour of Amul, Sodhi says historic
In a landmark judgment, the Delhi High Court directed Google, Facebook, and Twitter to remove the defamatory videos against the Gujarat Milk Marketing Cooperative Federation (GCMMF) which sells its product under the brand name Amul. The judgment of the court came on Friday last week. In euphoria, Managing Director R S Sodhi lost no time in…
Stories of women empowerment through dairy: ’World Dairy Summit 2022
India to host IDF’s annual event first time since 1974 The annual flagship summit of the International Dairy Federation (IDF) – World Dairy Summit 2022 will be held in India first time since 1974 under the theme of “livelihood and nutrition”. The first physical event post Covid by the IDF, will be organised in New…