fbpx

Parag Milk Foods funding

parag milk foods funding

Sixth Sense Ventures has invested Rs.50 crore in leading private dairy firm, Parag Milk Foods at a price per share of Rs.111. 

Commenting on the investment, Nikhil Vora, the founder of Sixth Sense Ventures, said, “Parag fits perfectly well into our thesis of betting on first-generation founders, pioneering products for the new age consumer, within the $100B+ diary segment. We believe the Indian branded dairy space will get deeper with consumers migrating from the unorganized (75% currently) to the organized space.”

” If a brand can crack shelf space against Amul (GCMMF) at one end, and Nestlé on the other, it makes for an extremely interesting proposition. With a strong product portfolio catering to the “consumer of tomorrow” (packaged paneer, curd, new-age cheese formats, etc), a robust supply chain, and now a well-capitalized balance sheet, we believe Parag is perfectly positioned to become the preferred private dairy player in the country,” he added.

Sixth Sense Ventures is the country’s first domestic consumer-centric venture fund, established by Nikhil Vora (Ex-Managing Director of IDFC Securities), who is considered as one of the greatest analytical minds in the country. 

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

For publishing an advertorial article about your company on our website, drop an email at taniya@startuplanes.com

Tags

top