Doodhvale Farms Raises $3M in Atomic Capital-Led Round
Doodhvale Farms, a leading innovator in India’s premium dairy sector, today announced the successful closure of a $3 million funding round. The round was led byAtomicCapital,withSingularityEarlyOpportunitiesFundjoiningasamajor co-investor. The round also saw participation from Bharat Founders Fund and Indigram Labs Foundation. Select angel investors participating in this round include Ramakant Sharma (Co-Founder, Livspace), Ankit Tandon (CBO, […]
Hangyo Ice Creams Secures Rs 211 Crore from Faering Capital
Mangaluru-based Hangyo Ice Creams has secured Rs 211 crore in funding from private equity firm Faering Capital. This new investment will be utilized to enhance production capabilities, speed up the development of new products, and strengthen the company’s market presence, particularly in southern India. This investment comes at a time when the ice cream sector […]
Southeast Asia’s dairy industry attracts big private equity deals
More emphasis on quality and growing consumption trends in Southeast Asia’s dairy industry have attracted a bevy of private equity (PE) companies to the sector, many of whom are raising their bets in the hopes of reaping multiples in the years to come. Dairy products, which were once considered good-to-have by Southeast Asian consumers, are […]
Anicut invests in D2C milk delivery startup Uzhavarbumi
Direct to consumer milk delivery startup Uzhavarbumi has secured an investment of Rs 7 crore from Anicut Capital. The proceeds will be deployed towards technology infra, improving plant and machinery equipment, hiring and expanding its operation across Bengaluru and Hyderabad, Uzhavarbumi said in a press release. Founded by Vetrivel Palani, Uzhavarbumi promotes direct commerce between […]
DAIRY NEWS Ahead of GIS-2023, U.P. dairy sector exceeds investment target
Uttar Pradesh, which already stands on top in milk production in the country, has exceeded the investment target in the dairy sector by 200% ahead of the proposed Global Investors’ Summit (GIS) even as a Dutch company has expressed its interest to set up a dairy plant in the state, a government official said here […]
LOTTE Confectionary to invest INR 450 crores in Havmor Ice Cream
Havmor Ice Cream, one of India’s the most loved and trusted Ice Cream brand and a subsidiary of the South Korean company LOTTE Confectionary , has committed to invest INR450 crores over 5 years. This investment comes four years after LOTTE Confectionery acquired Havmor Ice Cream for INR1000 crores in December 2017. Havmor Ice Cream […]