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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People of Milk Mantra
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Government agency supporting the development of SMEs
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Venture capital investment and global platform support for startups.
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Private equity fund focused on multiple sectors
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Investor details for Milk Mantra
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Investments & Acquisitions by Milk Mantra
Investment portfolio details for Milk Mantra
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Financial Statements - Milk Mantra
Detailed financials for Milk Mantra
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Milk Mantra Comparisons
Peer comparison for Milk Mantra
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Subscription-based dairy products are delivered via an internet-first brand.
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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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Multi-category dairy products are manufactured and branded.
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Heritage Foods is engaged in manufacturing and supplying dairy products.
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Brand of dairy products
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Detailed competitors of Milk Mantra
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Latest news on Milk Mantra
Complete news archive for Milk Mantra
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Frequently Asked Questions about Milk Mantra
Milk Mantra was founded in 2009.
Milk Mantra is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
Kailash Chandra Gahir is the current CEO of Milk Mantra.
Milk Mantra is a funded company, having raised a total of $32.74M across 9 funding rounds to date.
As of Jan 31, 2025, the latest employee count at Milk Mantra is 399.
Annual revenue of Milk Mantra is $33.73M as on Mar 31, 2024.
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.
Milk Mantra's top competitors include Sid's Farm, Dodla Dairy and Parag Milk Foods.
Milk Mantra has 34 investors. Key investors include HAP, Neev Fund, Eight Roads Ventures, Odisha Television, and DFC.
The valuation of Milk Mantra is $39.4M as of Jan 2017.