Danone Aims to Increase Stake in Epigamia to 60%
French food conglomerate Danone is in discussions to double its stake in Indian Greek yogurt and fruit dessert brand Epigamia from 30% to 60%. This move involves acquiring the 30% share currently held by Belgian private equity firm Verlinvest. Both Danone and Verlinvest presently hold approximately 30% each in Epigamia’s parent company, Drums Food International. […]
Epigamia co-founder Rohan Mirchandani passes away at 41
Rohan Mirchandani, co-founder of Epigamia, passed away on the night of December 21, according to four people who confirmed the news to Moneycontrol. The entrepreneur, in his early forties, reportedly succumbed to a heart attack, the sources said. Mirchandani, a graduate of NYU Stern and Wharton School started up Drums Food International in 2013. Drums Food […]
Danone-backed yoghurt maker Epigamia shelves plan to sell
Indian yoghurt maker Epigamia, backed by French dairy giant Danone , has shelved plans to sell its inflation-hit business and is now looking to expand to new markets, its CEO said in an interview. Founded in 2015 and backed also by Belgian investor Verlinvest, Epigamia is a small Indian startup which became popular in urban centres […]
Major dairies are concerned about the health claims of Plant beverages
An old but interesting article On World Vegan Day this year, the Internet was rife with a list of celebrities who have adopted a life free of animal products. The names included actors Aamir Khan and Sonam Kapoor, and cricketer Virat Kohli. Then there are premium magazines that fill in readers about elaborate vegan diet […]
Can new age dairy disruptors outsmart India’s famed milk cooperatives?
Minati Patnaik, a 55-year-old homemaker in Bhubaneswar had been buying milk from a local milkman for over three decades. Though the latter was infamous for adulterating the milk, Minati chose to ignore it as she had heard worse stories of adulteration by local milk co-operatives. It’s been five years since Minati switched allegiance to Milky […]