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Milk Mantra Dairy company logo
Corporation
FOOD & BEVERAGES | Dairy products
milkmantra.com

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Founded Year

2009

Stage

Debt | Alive

Total Raised

$33.31M

Last Raised

$10M | 1 yr ago

About Milk Mantra Dairy

Milk Mantra Dairy develops packaging formats and dairy products for consumers.

Milk Mantra Dairy Headquarter Location

7-8th floor, Z Tower Nandan Kanan Road, Patia

Bhubaneswar, 751024,

India

+91 674 2725346

Latest Milk Mantra Dairy News

Orissa-based Milk Mantra Dairy secures Series B funding from Aavishkaar

Apr 2, 2013

BY  Sainul K Abudheen The funds will be used to increase the product range as well as to boost strategic initiatives. Orissa-based Milk Mantra Dairy Pvt Ltd has raised an undisclosed amount in Series B round from social venture capital firm Aavishkaar Venture Management Services Pvt Ltd, a top executive of the dairy company told VCCircle. The company, which raised   a total of $5 million from a group of investors including Aavishkaar in February 2011, will use the amount to increase its entire product range, including the launch of yogurt-based products, Milk Mantra founder and CEO Srikumar Misra said. Founded in 2009, Milk Mantra sells fresh milk and milk-based products. Milk Mantra had recently expanded its operations to Kolkata in West Bengal and Raipur in Chhattisgarh. It has around 550 collections points in the eastern region. “We closed a fresh round of funding from Aavishkaar a month ago. We will be investing the money to increase the product range as well as on strategic initiatives,” he said. Misra said that the company has around 25,000 households using its products. As of now, the company is focusing more on the eastern parts of the country. The company wants to be the number one player in this region. “Unlike other companies, our products have longer shelf life. We have also rolled out a network of milk coolers in village networks in and around Puri and have hundreds of dairy farmers in our network. We source some of the purest milk via our stringent practices and chill it quickly to ensure milk stays fresh for processing,” he said. “Though we launched in 2009, we started selling products about 15 months ago only. During this time (15 months) we have significantly grown our revenues,” Misra noted. The company is now looking to achieve break-even in the next 5-6 months. Milk Mantra competes with some well-known names including Amul, which also exports to foreign markets. (Edited by Prem Udayabhanu) Milk Mantra Dairy Pvt. Ltd. (Milky Moo) Milk Mantra Dairy Pvt. Ltd. is engaged in the production, packaging and distribution of dairy products. The firm sells its product under the brand name Milky Moo. It products include milk, ghee, milk powder, cheese, butter, cream, curd and buttermilk. The company was founded in 2009 and is based in Bhubaneswar, Odisha. Head office:

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