About Milk Mantra
Milk Mantra is a Consumer company based in Bhubaneswar (India) founded in 2009, and was acquired by HAP in January 2025. Multi-category dairy products are supplied to urban consumers. 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. Milk Mantra was last valued at $39.4 million in January 2017. Its chief executive, as recorded, is Kailash Chandra Gahir. Its Indian entity Milk Mantra Dairy Private Limited reported revenue of ₹279 Cr. Its focus areas include Food and Agriculture, Food & Beverage Products, Dairy and Multi-category. Its competitors include Sid's Farm, Desi Farms and Dodla Dairy; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bhubaneswar, India
- Employees 399
- Stage Acquired
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website milkmantra.com
- Social LinkedIn X Facebook
- Acquired by HAP (Jan 2025)
- Legal Name Milk Mantra Dairy Private Limited
- Date of Incorporation 04 Aug, 2009
- Jurisdiction Bhubaneswar, Odisha, India
Associated legal entities of Milk Mantra
Milk Mantra is associated with 2 registered companies on The Company Check; the primary company is Milk Mantra Dairy Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Milk Mantra Dairy Private Limited CIN U15202OR2009PTC027213 | Active | 04 Aug 2009 | Bhubaneswar, Odisha | ₹279 Cr | 449 | 4 | View details |
| Westernland Dairy Private Limited CIN U15200OR2012PTC016044 | Amalgamated | 03 Oct 2012 | Bhubaneswar, Odisha | ₹67.2 Cr | 127 | 4 | View details |
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 $32.74M
- Total Rounds 9
- Last Round Debt – Conventional — $10M
- First Round $216,450
(Nov 2009)
- Investors Count 33
All 9 funding rounds of Milk Mantra with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2020 | $10M | Debt – Conventional | – | – | |
| Jan 2017 | $10M | Series D | $39.4M | Neev Fund | |
| Jun 2014 | $13.08M | Series C | $21.66M | Eight Roads Ventures | |
| Dec 2013 | $95,763 | Series B | $••••• | Odisha Television | – |
| Apr 2013 | $1.17M | Series B | – | Aavishkaar Capital | |
| Dec 2012 | $3.18M | Series A | $••••• | Aavishkaar Capital | |
| Feb 2011 | $5M | Series A | – | Sandeep Das, Suman Kumar | |
| Feb 2011 | Debt – Conventional | – | – | ||
| Nov 2009 | $216,450 | Seed | $••••• | Sandeep Das, Suman Kumar |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2017 | $39.4M | •••••••• |
| Jun 2014 | $21.66M | •••••••• |
| Dec 2013 | $••••• | •••••••• |
| Dec 2012 | $••••• | •••••••• |
| Nov 2009 | $••••• | •••••••• |
Full valuation and stage history of Milk Mantra
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $39.4M (Jan 2017). 34 investors in total: 8 institutional and 26 angel.
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 |
|---|---|---|---|---|
Government agency supporting the development of SMEs | 2019 | dfc.gov | ||
Venture capital investment and global platform support for startups. | 2008 | eightroads.com | London, United Kingdom | |
Private equity fund focused on multiple sectors | 2015 | neevfund.com | Mumbai, India | |
Venture capital firm | aavishkaarcapital.in | Mumbai, India | ||
Weather forecasting is emphasized in news broadcasting by Odisha Television. | 1997 | odishatv.in | Bhubaneswar, India | |
Oil and gas exploration and production company | Hyderabad, India | |||
IDBI Bank is engaged in providing banking and financial services. | idbi.com | Mumbai, India | ||
CS Chinta Sridhar | unknown_d4ee2aab609d46689 | |||
VN Vibha Narula | unknown_85ebd463ca5842e9b | |||
CS Chinta Sasidhar | unknown_4cff286187ea4927b |
Investor details for Milk Mantra
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Milk Mantra Dairy Private Limited (Milk Mantra)
Milk Mantra Dairy Private Limited is the primary company behind Milk Mantra. The boards of the 2 registered companies of Milk Mantra currently have 6 directors; the longest-serving is Srikumar Misra, appointed in 2014. 31 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srikumar Misra DIN 02690382 | Nominee Director | 21 Nov 2014 | 11 yrs 11 mo | Westernland Dairy Private Limited |
| Kailash Chandra Gahir DIN 08512125 | Nominee Director | 02 Aug 2019 | 7 yrs 3 mo | Westernland Dairy Private Limited |
| Biswajit Mishra DIN 09138881 | CFO | 10 Aug 2020 | 6 yrs 2 mo | Westernland Dairy Private Limited |
| Sathyanarayanan Dorairaj DIN 08489439 | Additional Director | 27 Jan 2025 | 1 yr 9 mo | Milk Mantra Dairy Private Limited |
| Shanmuga Priyan Jegathesan DIN 10773578 | Additional Director | 27 Jan 2025 | 1 yr 9 mo | Milk Mantra Dairy Private Limited |
| Rajendran DIN 10920671 | Additional Director | 27 Jan 2025 | 1 yr 9 mo | Milk Mantra Dairy Private Limited |
People of Milk Mantra
33 people are tracked at Milk Mantra (12 in leadership, 6 in board & advisors, 15 in team); the tracked headcount is 399.
| Name | Role | Group |
|---|---|---|
| CEO & MD | Leadership | |
| MD & CEO | Leadership | |
Murali Kumar | Head of Production | Leadership |
Pradeepta Kumar Jena | CFO | Leadership |
Laxmee Kanta Sahoo | Head, Sourcing & Inward Logistics | Leadership |
Biswajeet Acharya | Head -Projects & Compliances | Leadership |
Rashima Misra | Executive Director | Leadership |
Alok Parhi | Assistant General Manager Finance | Leadership |
Laxmi Narayan Behera | Deputy General Manager Of Finance | Leadership |
Simanta Mohanty | Head Of Human Resources | Leadership |
Avipsa Mishra | Head Of Human Resources | Leadership |
Siddharth Mohanty | General Manager- Marketing And D2c | Leadership |
Vineet Rai | Director | Board & advisors |
| Founder & Director | Board & advisors | |
Suresh C Senapaty | Independent Director | Board & advisors |
Aditya G Systla | Director | Board & advisors |
Prem Pavoor | Director | Board & advisors |
Shilpa Maheshwari | Director | Board & advisors |
Ashutosh Behera | Executive –finance And Accounts | Team |
Ananya Padhihary | Manager- Brand Communications | Team |
13 more people are available in the full profile.
Complete people profiles for Milk Mantra
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Milk Mantra
Figures of Milk Mantra Dairy Private Limited, the primary company behind Milk Mantra, for FY 2024. Revenue was ₹279 Cr (+1% year on year). Net profit was ₹9.04 Cr (3% margin). EBITDA was ₹16.53 Cr (6% margin). Revenue has grown at a compounded annual rate of +6% over three years and +6% over five years.
- ₹279 CrRevenue · FY 2024 · +1% YoY
- ₹9.04 CrNet profit · 3% margin
- ₹16.53 CrEBITDA · 6% margin
- ₹4.78 CrPaid-up capital
- 449Employees (provident fund records)
- +6%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Milk Mantra Dairy Private Limited are on its company page.
Detailed financial statements for Milk Mantra
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Milk Mantra
5 dated milestones of Milk Mantra across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Milk Mantra is founded.
- Funding First funding round of $216K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional, of $10.0M.
- Exit Acquired by HAP.
Competitors of Milk Mantra
Milk Mantra has 3 listed competitors in our database, 3 of them funded. They include Sid's Farm, Desi Farms and Dodla Dairy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sidsfarm.com | 2013 | Hyderabad, India | $12.18M | 466 | Subscription-based dairy products are delivered via an internet-first brand. | |
| desifarmsindia.in | 2016 | Pune, India | $6M | 79 | Provider of direct-to-consumer, farm-to-table delivery of fresh dairy products, including milk, yogurt, and other preservative-free dairy products | |
| dodladairy.com | 1995 | Hyderabad, India | $84.05M | 6,259 | Multi-category dairy products are manufactured and branded. |
Detailed competitors of Milk Mantra
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Web traffic of Milk Mantra
The website of Milk Mantra (milkmantra.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 26.1% vs previous month
Websites whose visitors overlap most with Milk Mantra. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dodladairy.com | 100% | 21.6K | #779,290 | View details | |
| milkbasket.com | 71% | 114.3K | #322,817 | View details | |
| dailymoo.in | 29% | 1.7K | #8,568,198 | View details |
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Milk Mantra (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 143.51 M | 2,828 |
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Related news about 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 CEO of Milk Mantra, as recorded in our data.
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 Seed of $216.45K, raised on Nov 2009.
Milk Mantra has 399 employees.
The primary company behind Milk Mantra, Milk Mantra Dairy Private Limited, reported revenue of ₹279 Cr for FY 2024, up 1% year on year.
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 Desi Farms.
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.
Milk Mantra is associated with 2 legal entities: Milk Mantra Dairy Private Limited, Westernland Dairy Private Limited.
Yes. Milk Mantra was acquired by HAP in January 2025.