Tuesday, November 5

Tag: dairy products

Milk Mantra raises $10 mln in debt financing from US DFC
19Jun By AdityaNo Comments
FUNDING

Milk Mantra raises $10 mln in debt financing from US DFC

NEW DELHI, 19th June, 2020: Dairy foods company Milk Mantra said US International Development Finance Corporation (DFC) has committed $10 million (over Rs 76 crore) for structured debt financing to the company. DFC has also approved $3,71,000 (about Rs 2.8 crore) in technical assistance to support the company's agriculture extension services and ethical milk sourcing programme, according to a statement. "The main focus of this would be to build out Milk Mantra's digital financial services platform for its network of farmers. This platform will drive financial inclusion for farmers, especially women farmers," it added. There are nearly 100 million dairy farmers in India with a significant proportion being women. The company was founded in August 2009 by the former director of Tetle...
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Kishore Biyani’s Future Group to Start Door-to-Door Milk Delivery
7Jun By Gauri SinghNo Comments
BUSINESS

Kishore Biyani’s Future Group to Start Door-to-Door Milk Delivery

The Mumbai-based, Kishore Biyani owned ‘Future Group’ soon plans to begin the door-to-door delivery of dairy products like milk, eggs and bread every morning to its customers. The service will be inaugurated in the coming two weeks in the metro cities as of now, but will surely reach to other cities later. The milk delivery services have been recently observing a boost in the e-commerce sector and by the investors. The Future Group led milk delivery service can be availed simply by placing an order through a mobile app called Easyday, and the outlets will deliver the specified products within 2-3 km radius. The retail group also provides the customers with a membership-based Easyday Club where they can register at Rs 999 per year and can enjoy offers on purchases for about 10% discou...
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Keventers Steps in The Goa Market
3Apr By Sheldan RungasamyNo Comments
BUSINESS

Keventers Steps in The Goa Market

Keventers, the 2 century old dairy brand announced it would expand into the energetic and exciting Goa market, with the first shop opening at MG Road, Panjim and a second in Titos Lane in Baga. Coming 2019, Goa will become the fifth city with the most of Keventers outlets coming short only to Delhi, Mumbai, Bengaluru and Hyderabad. Keventers are optimistically looking to grab a huge portion of the market in Goa and are predicting an overall growth rate of 100% over the next year. The foray in Goa is fueled by revenue forecasts believed to stand at around Rs 25 crores annually. “We at Keventers are really excited to bring India’s favorite milkshake to Goa and are extremely optimistic about the response. Goa has a unique confluence of heritage, culture and coolness which is definiti...
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