About MilkLane
MilkLane is a Consumer company based in Mumbai (India) founded in 2015 by Raad Michael Mobrem and Nitin Goel. MilkLane has raised $8.07 million across 2 funding rounds from investors including Schreiber Foods and Pioneering Ventures. The company has 61 employees. Its chief executive, as recorded, is Raad Michael Mobrem. Its Indian entity Innoterra Private Limited reported revenue of ₹189 Cr. MilkLane offers products and services including UHT Milk and MilkLane Curd. Its focus areas include Food and Agriculture, Food & Beverage Products, Dairy and Milk. Its competitors include Happy Nature, Provilac Dairy Farms and Pride of Cows; 2 of its 3 listed competitors have raised funding.
Company details
Provider of high-quality milk and dairy products via an industrial-scale collection and distribution platform. This platform supports farmers through training, improved animal care, and access to resources, enhancing milk quality and productivity. A unique milk collection network, utilizing bulk milk coolers at the village level, ensures timely collection and maintains a cold chain. Stringent quality assurance and global health and safety standards are implemented throughout the process. The company offers UHT milk and curd, prioritizing safety and convenience for consumers.
- Headquarters Mumbai, India
- Employees 61
- Founders Raad Michael Mobrem, Nitin Goel
- SectorsConsumer
- Website milklane.in
- Social LinkedIn
- Legal Name Milklane Dairy Services Private Limited
- Date of Incorporation 10 Oct, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹189 Cr
FY 2023 · +57% YoY
- Net Loss-₹7.22 Cr
FY 2023 · -4% margin
- EBITDA-₹6.57 Cr
FY 2023 · -3% margin
- Total Equity Funding$8.07M (USD)
in 2 rounds
- Latest Funding Round$3.89M (USD), Seed
Apr 2019
- InvestorsSchreiber Foods
& 1 more
- Employee Count61
Associated legal entities of MilkLane
MilkLane is associated with 2 registered companies on The Company Check; the primary company is Innoterra Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innoterra Private Limited CIN U52101MH2015PTC269084 | Active | 10 Oct 2015 | Mumbai, Maharashtra | ₹189 Cr | 61 | 3 | View details |
| Milklane Dairy Services Private Limited CIN U51909MH2015PTC269084 | 10 Oct 2015 | Mumbai, Maharashtra, India | View details |
Products & Services of MilkLane
MilkLane offers a comprehensive portfolio of products and services, including UHT Milk and MilkLane Curd.
High-quality milk ready for consumption without boiling.
Curd made from pure milk with no additives or preservatives.
Funding Insights of MilkLane
MilkLane has successfully raised a total of $8.07M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.89 million completed in April 2019. 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 $8.07M
- Total Rounds 2
- Last Round Seed — $3.89M
- First Round $4.18M
(Dec 2017)
- Investors Count 2
All 2 funding rounds of MilkLane 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 |
|---|---|---|---|---|---|
| Apr 2019 | $3.89M | Seed | – | Pioneering Ventures, Schreiber Foods | – |
| Dec 2017 | $4.18M | Seed | – | Pioneering Ventures, Schreiber Foods | – |
2 investors in total: 2 institutional.
Investors in MilkLane
MilkLane has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Schreiber Foods and Pioneering Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are focused on Indian farm and food startups. | pioneering-ventures.com | Zurich, Switzerland | ||
Manufacturer of dairy products | 1945 | schreiberfoods.com | Green Bay, United States |
Investor details for MilkLane
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Board of directors of Innoterra Private Limited (MilkLane)
Innoterra Private Limited is the primary company behind MilkLane. The board of Innoterra Private Limited currently have 3 directors; the longest-serving is Harish Sharma, appointed in 2022. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harish Sharma DIN 09553926 | Director | 01 Apr 2022 | 4 yrs 7 mo | Innoterra Private Limited |
| Ankur Tripathi DIN 07549445 | Director | 15 Jan 2024 | 2 yrs 9 mo | Innoterra Private Limited |
| Kasinathan Krishna Kumar Avinash DIN 09623747 | Director | 10 Jul 2024 | 2 yrs 4 mo | Innoterra Private Limited |
People of MilkLane
14 people are tracked at MilkLane (5 in leadership, 9 in team); the tracked headcount is 61.
| Name | Role | Group |
|---|---|---|
Raad Michael Mobrem | Co-Founder & CEO | Leadership |
Nitin Goel | Co-Founder | Leadership |
| Managing Director & CFO | Leadership | |
Gaurav Haran | Founder & CEO | Leadership |
Anantha B | Head Of Sales B2c | Leadership |
Deepak K | Promoter | Team |
Ritesh Srivastava | Sales Manager | Team |
Satish Kolekar | Sales Officer | Team |
Sureshkumar Sp | Regional Sales Manager | Team |
Puneeth N S | Production Manager | Team |
Saukhya Mohan | Executive Trainee | Team |
Raja Mani | Production And Maintenance IN Charge | Team |
Marutirao Jagdale | Regional Sales Manager | Team |
Subramanyam Madika | Senior Finance Executive - Lead B2b Business Finance | Team |
Complete people profiles for MilkLane
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Financials of MilkLane
Figures of Innoterra Private Limited, the primary company behind MilkLane, for FY 2023. Revenue was ₹189 Cr (+57% year on year). Net loss was -₹7.22 Cr (-4% margin). EBITDA was -₹6.57 Cr (-3% margin). Revenue has grown at a compounded annual rate of +23% over three years and +17% over five years.
- ₹189 CrRevenue · FY 2023 · +57% YoY
- -₹7.22 CrNet loss · -4% margin
- -₹6.57 CrEBITDA · -3% margin
- ₹1.60 CrPaid-up capital
- 61Employees (provident fund records)
- +23%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innoterra Private Limited are on its company page.
Detailed financial statements for MilkLane
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Timeline of MilkLane
3 dated milestones of MilkLane across 4 years, from founding to its latest funding, stage changes and deals.
- Founded MilkLane is founded.
- Funding First funding round of $4.2M.
- Funding Latest funding round, Seed, of $3.9M.
Competitors of MilkLane
MilkLane has 3 listed competitors in our database, 2 of them funded. They include Happy Nature, Provilac Dairy Farms and Pride of Cows.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happynature.in | 2018 | Delhi, India | $1.07M | 94 | Brand of organic milk | |
| provilac.com | 2013 | Pune, India | $421,597 | 85 | Internet first milk brand and delivery | |
| prideofcows.com | 2011 | Pune, India | 812 | A dairy brand offering fresh farm-to-home milk delivery services. |
Detailed competitors of MilkLane
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Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as MilkLane (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 Milklane
Complete news archive for MilkLane
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Frequently Asked Questions about MilkLane
MilkLane was founded in 2015 and raised its 1st funding round 2 years after it was founded.
MilkLane is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Raad Michael Mobrem is the CEO of MilkLane, as recorded in our data. They have also founded this company.
MilkLane is a funded company, having raised a total of $8.07M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.18M, raised on Dec 2017.
MilkLane has 61 employees.
The primary company behind MilkLane, Innoterra Private Limited, reported revenue of ₹189 Cr for FY 2023, up 57% year on year.
Provider of high-quality milk and dairy products via an industrial-scale collection and distribution platform. This platform supports farmers through training, improved animal care, and access to resources, enhancing milk quality and productivity. A unique milk collection network, utilizing bulk milk coolers at the village level, ensures timely collection and maintains a cold chain. Stringent quality assurance and global health and safety standards are implemented throughout the process. The company offers UHT milk and curd, prioritizing safety and convenience for consumers.
MilkLane's top competitors include Provilac Dairy Farms, Happy Nature and Pride of Cows.
MilkLane offers UHT Milk and MilkLane Curd.
MilkLane has 2 investors. Key investors include Schreiber Foods, and Pioneering Ventures.
MilkLane operates through Innoterra Private Limited.
The legal entities of MilkLane currently have 3 directors, including Ankur Tripathi, Harish Sharma, Kasinathan Krishna Kumar Avinash.