About Synlait
Synlait is a company based in Rakaia (New Zealand) founded in 2000.. Synlait has raised $22.09 million across 2 funding rounds from investors including AN Support Services India Private Limited and Bright Dairy & Food. The company has 560 employees as of July 31, 2024. Synlait has completed 2 acquisitions, including Dairyworks and Talbot Forest Cheese. Synlait offers products and services including Nutritional Milk Products and Sustainability Services.
- Headquarter Rakaia, New Zealand
- Employees 560 as on 31 Jul, 2024
- Stage Public
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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 Synlait Milk Ltd.
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Annual Revenue
$1.08 B (USD)11.64as on Jul 31, 2025
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Net Profit
$-23.52 M (USD)78.13as on Jul 31, 2025
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EBITDA
$21.68 M (USD)0as on Jul 31, 2025
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Total Equity Funding
$22.09 M (USD)
in 2 rounds
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Latest Funding Round
$31.3 M (USD), Debt – Conventional
Sep 23, 2019
- Investors
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Employee Count
560
as on Jul 31, 2024
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Investments & Acquisitions
Dairyworks
& 1 more
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IPO & Listings of Synlait
Synlait is a publicly listed company on the NZX with ticker symbol SML in New Zealand, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Synlait
Synlait offers a comprehensive portfolio of products and services, including Nutritional Milk Products and Sustainability Services. 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.
Nutritional milk products are produced by combining expert farming and state-of-the-art processing for global customers, with these items being designed to offer benefits for human health and wellbeing.
Sustainability services are implemented by integrating people and planet considerations into core operations, including B Corp certification and daily practices that support environmental responsibility.
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Funding Insights of Synlait
Synlait has successfully raised a total of $22.09M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $31.3 million completed in September 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 Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $31.3M
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First Round
First Round
(01 Jun 2007)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Debt – Conventional - Synlait | Valuation |
investors |
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| Jun, 2007 | Amount | Series C - Synlait | Valuation |
investors |
| 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 Synlait
Synlait has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include AN Support Services India Private Limited and Bright Dairy & Food. 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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Provider of financial solutions for individuals and businesses
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Founded Year | Domain | Location | |
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Manufacturer and brand of dairy products
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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 Synlait
Synlait has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Dairyworks and Talbot Forest Cheese. 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
|
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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Cheese and ice cream products are manufactured by Dairyworks.
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2001 | ||||
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Manufacturer & brand of cheese
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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 - Synlait
| 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 |
Synlait Comparisons
Competitors of Synlait
| 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 Synlait
Frequently Asked Questions about Synlait
When was Synlait founded?
Synlait was founded in 2000 and raised its 1st funding round 7 years after it was founded.
Where is Synlait located?
Synlait is headquartered in Rakaia, New Zealand. It is registered at Rakaia, Canterbury, New Zealand.
Is Synlait a funded company?
Synlait is a funded company, having raised a total of $22.09M across 2 funding rounds to date. The company's 1st funding round was a Series C of $22.09M, raised on Jun 01, 2007.
How many employees does Synlait have?
As of Jul 31, 2024, the latest employee count at Synlait is 560.
What is the annual revenue of Synlait?
Annual revenue of Synlait is $1.08B as on Jul 31, 2025.
What does Synlait do?
Synlait was founded in 2000 in Rakaia, New Zealand, and operates in the dairy sector. Nutritional milk products are produced through a combination of farming practices and processing methods for global markets. Sustainability is integrated into operations, while innovation is applied to processes and product development. A range of milk-based items is offered to support health applications.
What products or services does Synlait offer?
Synlait offers Nutritional Milk Products and Sustainability Services.
Is Synlait publicly traded?
Yes, Synlait is publicly traded on NZX under the ticker symbol SML.
How many acquisitions has Synlait made?
Synlait has made 2 acquisitions, including Dairyworks, and Talbot Forest Cheese.
Who are Synlait's investors?
Synlait has 2 investors. Key investors include AN Support Services India Private Limited, and Bright Dairy & Food.
What is Synlait's ticker symbol?
The ticker symbol of Synlait is SML on NZX.