Milk Mantra is India’s 1st VC funded agri food & beverage startup and its ‘Milky Moo’ brand is one the fastest growing dairy brands in the country. With a conscious capitalist vision, the company is an entrepreneurial white revolution, focusing on under serviced consumer markets and the under developed dairy sector supply chain.
Growing at a CAGR of 70% Milk Mantra has redefined the entire category across the supply chain in the eastern region – from pioneering an ethical milk sourcing network, differentiated branding to functional innovation in the dairy category which had hitherto not been witnessed in the country.
Growing at a CAGR of 70% Milk Mantra has redefined the entire category across the supply chain in the eastern region – from pioneering an ethical milk sourcing network, differentiated branding to functional innovation in the dairy category which had hitherto not been witnessed in the country.
Location: India, Odisha, Bhubaneswar Municipal Corporation
Total raised: $10M
Investors 3
Funding Rounds 1
| Date | Series | Amount | Investors |
| 19.06.2020 | - | $10M | - |
Mentions in press and media 17
| Date | Title | Description |
| 23.07.2025 | M&A as a Growth Lever in 2025, As VC Funding Slows Down In H1 2025 alone, there were 73 M&A deals, up from 54 in H1 2024. Notable transactions include Magma General Insurance's USD 516M sale t... | In 2024, VC funding in India rebounded to USD 13.7 billion, up 1.4 times from 2023, with deal numbers rising to 1,270 from 880 the prior year, driven by a sharp increase in small- and mid‑ticket deals and a rebound in USD 50M+ rounds, accor... |
| 21.01.2025 | Milk Mantra Joins Hatsun Agro as Wholly-Owned Subsidiary in INR 233 Cr Deal The deal is aimed at expanding HAP's presence in Eastern India, particularly in Odisha, where Milk Mantra's flagship brand '... | Hatsun Agro Product Limited (HAP), a prominent dairy product manufacturer, has announced the acquisition of 100% share capital in Milk Mantra for INR 233 crore (USD 27.5 million). The deal is aimed at expanding HAP's presence in Eastern Ind... |
| 21.01.2025 | Eight Roads, Neev Fund, Aavishkaar taste a lemon as Milk Mantra gets a buyer | Premium Srikumar Misra (L) and Rashima Misra, co-founders, Milk Mantra Hatsun Agro Product Ltd has agreed to acquire Milk Mantra Dairy Pvt. Ltd in a transaction that likely leaves little on the table for the target company’s venture capital... |
| 18.12.2024 | Crypto’s First AI Quant Tokenized Product is Launched By Aarna Protocol | aarnâ.ai unveiled âfi 802, the first AI powered quant structured product designed to bring a data-driven, risk-managed approach to DeFi. âfi 802 integrates advanced AI models with secure, audited smart contracts, offering investors a struct... |
| 07.10.2024 | D2C fashion brand Zouk set to raise $10 Mn led by Aavishkaar Capital | Direct-to-commerce (D2C) fashion brand Zouk is in late-stage talks to raise a new round, sources aware of the development told Entrackr. The new round is coming after more than 18 months for the Mumbai-based startup, which claims to make cr... |
| 10.08.2024 | Dairy brand Country Delight secured Rs 70 Cr Debt from Alteria Capital | Country Delight, a dairy brand and everyday essential, has raised debt from Alteria Capital to the tune of Rs 70 crore ($8.45 million). This represents the investor’s second debt injection into the Gurugram-based company in 2024. According ... |
| 10.12.2020 | The 8 F’s of Indian agritech investing | Editor’s note: Aditya Jahagirdar is a member of the investment team at Ankur Capital, based in Bengaluru, India. A B Chakravarthy was previously principal at Menterra Venture Advisors in Chennai, India, where he led the firm’s agriculture-r... |
| 22.06.2020 | Dairy food start-up Milk Mantra secures USD 10M in Debt from DFC | Dairy food start-up Milk Mantra announced on 19th June, 2020, that US International Development Finance Corporation (DFC) has committed US$10 million for structured debt financing to the company. |
| 21.06.2020 | India Deal Monitor: Milk Mantra snags $10m from DFC and more updates | Premium Bhubaneswar-based dairytech startup Milk Mantra has secured $10 million in debt financing from US International Development Finance Corporation (DFC), per an announcement on Friday. Continue reading this story with a subscription to... |
| 19.06.2020 | India’s Milk Mantra secures $10M from US International Development Finance Corporation | Milk Mantra, a startup that procures, packages, sells and delivers milk and other dairy products, has raised $10 million in a new debt financing round as it looks to grow its business in India, where nearly a dozen startups have attempted a... |
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