Chinmay Bidkar
07 July 2017, India:
Drums Food International, the parent company of Epigamia Greek yogurt has raised Rs. 90 Crores in the latest round of funding led by Verlinvest, DSG Consumer Partners (DSGCP) and InnoVen Capital as per the report by Business World.
The Company also announced that Arjun Anand, from Verlinvest’s Singapore office, and Prashant Chhaya, former Executive Director at Cadbury (Mondelez International), will join the Company’s Board of Directors.
Founded in 2008 by New York University and Wharton School alum Mirchandani, chef Ganesh Krishnamurthy and Uday Thakkar, Epigamia currently retails across 4,200 stores.
Rohan Mirchandani, Co-Founder & CEO, Drums Food International said, “It has been such a pleasure to work with Verlinvest and DSGCP, they have been true value-added partners and helped us grow the business with full support and assistance. We have been able to see firsthand why their global track record is so successful! Partnering again in this round was a no brainer and with their support we plan to continue expanding our product lines, categories, and geographies. With the recent additions to our leadership, including Siddarth Menon, Francis Vidhayathil and Dharmesh Joshi, the missing pieces to our dream team are now in place and the sky is the limit for this amazing team I am proud to be a part of.”
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Nicholas Cator, Executive Director, Verlinvest said, “We are very happy with our fantastic partnership with Epigamia and Rohan. We believe there is great growth potential to offer premium dairy products to Indian consumers and Epigamia addresses this with a compelling proposition. Verlinvest prides itself on being a daring investor in the consumer world and enabling entrepreneurs through inspiring journeys. Epigamia fits well within this vision.”
Epigamia is India’s first branded and leading premium Greek yogurt which has rapidly gained traction with the Indian consumer. Made with all-natural ingredients and no preservatives, Epigamia is popular across a wide consumer demographic, positioning it as the snack of choice for India’s health-conscious millennials.
Verlinvest, a Belgium-based consumer focused private equity group created by the founding families of Anheuser-Busch InBev whereas (DSGCP), an early stage venture capital firm run by consumer industry veteran Deepak Shahdadpuri. (Source- Business World)