About Milky Mist Dairy Food
Milky Mist Dairy Food is a company based in Erode (India) founded in 1985 by Anitha Sathish Kumar and Sathishkumar T.. Milky Mist Dairy Food has raised $2.6 million across 2 funding rounds from investors including Anicut Capital. The company has 1,156 employees as of October 25, 2024. Milky Mist Dairy Food has completed 1 acquisition, including Asal Foods. Milky Mist Dairy Food offers products and services including Chocolate Ice Cream, Paneer, Butter, Curd, and Ghee. Milky Mist Dairy Food operates in a competitive market with competitors including Califia Farms, Sid's Farm, Dodla Dairy, Parag Milk Foods and Heritage Foods, among others.
- Headquarter Erode, India
- Employees 1156 as on 25 Oct, 2024
- Founders Anitha Sathish Kumar, Sathishkumar T
- 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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- Legal Name Milky Mist Dairy Food Limited
- Date of Incorporation 10 Jul, 2014
- Jurisdiction Erode, Tamil Nadu, India
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Annual Revenue
$172.74 M (USD)41.6as on Mar 31, 2023
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Net Profit
$3.37 M (USD)-11.75as on Mar 31, 2023
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EBITDA
$23.65 M (USD)26.7as on Mar 31, 2023
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Total Equity Funding
$2.6 M (USD)
in 2 rounds
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Latest Funding Round
- Investors
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Employee Count
1156
as on Oct 25, 2024
- Investments & Acquisitions
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Products & Services of Milky Mist Dairy Food
Milky Mist Dairy Food offers a comprehensive portfolio of products and services, including Chocolate Ice Cream, Paneer, Butter, Curd, and Ghee. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Frozen treat made from milk for consumer enjoyment.
Cheese used in cooking and meals.
Spreadable product for baking and cooking.
Yogurt for daily nutrition and health.
Clarified butter used in Indian cuisine.
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Leadership Team
1 people
Horeca Team
1 people
Sales and Marketing
1 people
National Team
1 people
State Team
1 people
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Funding Insights of Milky Mist Dairy Food
Milky Mist Dairy Food has successfully raised a total of $2.6M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(10 Aug 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Debt – Venture - Milky Mist Dairy Food | Valuation |
investors |
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| Aug, 2020 | Amount | Private Equity Round - Milky Mist Dairy Food | Valuation | Anicut Capital |
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| 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 Milky Mist Dairy Food
Milky Mist Dairy Food has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Anicut Capital. 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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Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India.
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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 Milky Mist Dairy Food
Milky Mist Dairy Food has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Asal Foods. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Ready-to-cook Indian flatbreads and batter-based breakfast items are manufactured.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Milky Mist Dairy Food
| 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 |
Milky Mist Dairy Food Comparisons
Competitors of Milky Mist Dairy Food
Milky Mist Dairy Food 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 Califia Farms, Sid's Farm, Dodla Dairy, Parag Milk Foods and Heritage Foods, 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 |
Plant-based dairy alternatives like almond and oat milks are manufactured.
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| 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 |
Multi-category dairy products are manufactured and branded.
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| domain | founded_year | HQ Location |
Manufacturer of dairy products
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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 |
Multi-category dairy products are supplied to urban consumers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Milky Mist Dairy Food
Frequently Asked Questions about Milky Mist Dairy Food
When was Milky Mist Dairy Food founded?
Milky Mist Dairy Food was founded in 1985 and raised its 1st funding round 35 years after it was founded.
Where is Milky Mist Dairy Food located?
Milky Mist Dairy Food is headquartered in Erode, India. It is registered at Erode, Tamil Nadu, India.
Who is the current CEO of Milky Mist Dairy Food?
K Rathnam is the current CEO of Milky Mist Dairy Food.
Is Milky Mist Dairy Food a funded company?
Milky Mist Dairy Food is a funded company, having raised a total of $2.6M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $2.6M, raised on Aug 10, 2020.
How many employees does Milky Mist Dairy Food have?
As of Oct 25, 2024, the latest employee count at Milky Mist Dairy Food is 1,156.
What is the annual revenue of Milky Mist Dairy Food?
Annual revenue of Milky Mist Dairy Food is $172.74M as on Mar 31, 2023.
What does Milky Mist Dairy Food do?
Milky Mist Dairy Food was established in 1985 in Erode, India, within the dairy sector. A variety of products is manufactured, encompassing paneer, butter, cheese, curd and yogurts, ghee, desserts, milk and UHT items, food enhancers, ice cream, and ready-to-eat options. Operations focus on processing and distribution across the region, serving consumer needs in dairy-based foods.
Who are the top competitors of Milky Mist Dairy Food?
Milky Mist Dairy Food's top competitors include Sid's Farm, Califia Farms and Dodla Dairy.
What products or services does Milky Mist Dairy Food offer?
Milky Mist Dairy Food offers Chocolate Ice Cream, Paneer, Butter, Curd, and Ghee.
How many acquisitions has Milky Mist Dairy Food made?
Milky Mist Dairy Food has made 1 acquisition, including Asal Foods.
Who are Milky Mist Dairy Food's investors?
Milky Mist Dairy Food has 1 investor. Key investors include Anicut Capital.
What is Milky Mist Dairy Food's valuation?
The valuation of Milky Mist Dairy Food is $136.05M as of Aug 2020.
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