About Milk Mantra
Milk Mantra is a company based in Bhubaneswar (India) founded in 2009 was acquired by HAP in January 2025.. Milk Mantra has raised $32.74 million across 9 funding rounds from investors including HAP, Neev Fund and Eight Roads Ventures. The company has 399 employees as of January 31, 2025. Milk Mantra operates in a competitive market with competitors including Sid's Farm, Desi Farms, Dodla Dairy, Heritage Foods and Milky Mist Dairy Food, among others.
- Headquarter Bhubaneswar, India
- Employees 399 as on 31 Jan, 2025
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$33.73 M (USD)1as on Mar 31, 2024
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Net Profit
$1.18 M (USD)179as on Mar 31, 2024
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EBITDA
$1.95 M (USD)345as on Mar 31, 2024
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Total Equity Funding
$32.74 M (USD)
in 9 rounds
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Latest Funding Round
$10 M (USD), Debt – Conventional
Jun 19, 2020
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Investors
HAP
& 33 more
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Employee Count
399
as on Jan 31, 2025
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Acquired by
HAP
(Jan 21, 2025)
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Funding Insights of Milk Mantra
Milk Mantra has successfully raised a total of $32.74M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $10 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Debt – Conventional — $10.0M
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First Round
First Round
(15 Nov 2009)
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Debt – Conventional - Milk Mantra | Valuation |
investors |
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| Jan, 2017 | Amount | Series D - Milk Mantra | Valuation | Neev Fund | |
| Jun, 2014 | Amount | Series C - Milk Mantra | Valuation | Eight Roads Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Milk Mantra
Milk Mantra has secured backing from 34 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include HAP, Neev Fund and Eight Roads Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government agency supporting the development of SMEs
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Founded Year | Domain | Location | |
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Venture capital investment and global platform support for startups.
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Founded Year | Domain | Location | |
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Private equity fund focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Milk Mantra
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Milk Mantra
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Milk Mantra Comparisons
Competitors of Milk Mantra
Milk Mantra operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sid's Farm, Desi Farms, Dodla Dairy, Heritage Foods and Milky Mist Dairy Food, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Subscription-based dairy products are delivered via an internet-first brand.
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| domain | founded_year | HQ Location |
Provider of direct-to-consumer, farm-to-table delivery of fresh dairy products, including milk, yogurt, and other preservative-free dairy products
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| domain | founded_year | HQ Location |
Multi-category dairy products are manufactured and branded.
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| domain | founded_year | HQ Location |
Heritage Foods is engaged in manufacturing and supplying dairy products.
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| domain | founded_year | HQ Location |
Brand of dairy products
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Milk Mantra
Frequently Asked Questions about Milk Mantra
When was Milk Mantra founded?
Milk Mantra was founded in 2009.
Where is Milk Mantra located?
Milk Mantra is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
Who is the current CEO of Milk Mantra?
Kailash Chandra Gahir is the current CEO of Milk Mantra.
Is Milk Mantra a funded company?
Milk Mantra is a funded company, having raised a total of $32.74M across 9 funding rounds to date. The company's 1st funding round was a Series C of $13.08M, raised on Nov 15, 2009.
How many employees does Milk Mantra have?
As of Jan 31, 2025, the latest employee count at Milk Mantra is 399.
What is the annual revenue of Milk Mantra?
Annual revenue of Milk Mantra is $33.73M as on Mar 31, 2024.
What does Milk Mantra do?
Milk Mantra was established in 2009 in Bhubaneswar, India, within the dairy sector. Pure milk and various milk products are sourced ethically and distributed through the brands Milky Moo and Daily Moo. Operations focus on serving urban markets in Odisha and Kolkata, with management led by CEO and MD Kailash Chandra Gahir. The companys domain is milkmantra.com.
Who are the top competitors of Milk Mantra?
Milk Mantra's top competitors include Sid's Farm, Dodla Dairy and Parag Milk Foods.
Who are Milk Mantra's investors?
Milk Mantra has 34 investors. Key investors include HAP, Neev Fund, Eight Roads Ventures, Odisha Television, and DFC.
What is Milk Mantra's valuation?
The valuation of Milk Mantra is $39.4M as of Jan 2017.