Mumbai Based Drums Food International Raises Rs 90 Crore
Drums Food International, the parent company of Epigamia Greek yogurt, today said it has raised Rs 90 crore in a series-B round of funding.
The round was led by Belgium-based consumer focused private equity group Verlinvest and venture capital firm DSG Consumer Partners, with participation from InnoVen Capital, it said in a statement.
The company plans to utilise the funds to innovate and launch new flavours, initiate brand-building activities and increase production capacity.
"It has been such a pleasure to work with Verlinvest and DSG Consumer Partners, they have been true value-added partners and helped us grow the business with full support and assistance," Drums Food International co-founder and CEO Rohan Mirchandani said.
"Partnering again in this round was a no-brainer a...