The co-founder of mosquito repellent brand AllOut Anil Arya who sold his company in 2005, is reportedly making a comeback with an acquisition. The entrepreneur is taking over a dairy tech startup known as Mr. Milkman.
Along with some other investors, Arya is setting up a company in Singapore to acquire the whole of the Gurgaon-based startup.
“We will be investing in Mr. Milkman through our family office in Singapore,” Arya said.
Beyond this, he did not disclose any more details. Samartha Setia, founder of Mr. Milkman, too confirmed that Arya will be investing in the company.
“I cannot disclose the details of the investment at the moment,” said Setia.
Milkman is a startup that was founded a year ago which serves as an enabler for dairy players, managing their entire business including customer subscriptions and deliveries through its platform. The clients of the company count Milk Mantra, WHYTE Farms, Just Doodh, Go4Life, and Milk Valley Farm’s.
Talking about Arya, he introduced liquid mosquito repellent AllOut brand in India through their firm Karamchand Appliances along with Naveen, Anil and Bimal. They had the first mover advantage in liquid vaporizers.
In 2005, the Arya brothers sold Karamchand Appliances to US-based SC Johnson & Son. After that, they maintained a low profile and not much is known of them in the public domain. Furthermore, around 2016-17, Naveen Arya, along with Tarun Joshi, Indian director of UK-based private equity firm 3i, had invested $2 million in Indian Gifts Portal (IGP).