Jaipur-based Dev Milk Foods, the parent company of the dairy brand Frubon, has secured fresh funding from Fireside Ventures along with participation from investors including the Narotam Sekhsaria Family Office and other angel investors, marking a significant step in scaling its dairy business.
The company, which offers a wide portfolio including milk, ice cream, paneer, curd, and other value-added dairy products, has demonstrated strong growth momentum with a compound annual growth rate (CAGR) of over 65% since commercial operations began. (Indian Retailer)
The newly raised capital will be deployed to expand retail footprint across North India, strengthen production and distribution capabilities, and diversify product offerings to capture growing demand in value-added dairy segments.
Frubon already operates across 40+ cities and towns through distributor networks and omnichannel platforms, positioning itself as a fast-scaling regional dairy brand. (dextercapital.substack.com)
Dev Milk Foods is also on a strong financial trajectory, targeting revenues of over ₹100 crore in FY24, with continued expansion expected to accelerate growth further.
The funding highlights increasing investor confidence in emerging dairy brands from Tier-II and Tier-III markets, driven by rising consumption and demand for branded, value-added dairy products.
Source: Dairynews7x7 13 April, 2026 Read full article here
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