Mumbai-based food startup Drums Food International that sells the popular brand of Epigamia yogurts has raised $30 millon in a Series C round of funding from Danone Manifesto Ventures, the investment arm of the French dairy major. Drum sells artisanal greek yogurt, "mishti doi", and packaged smoothies in 10,000 stores in India....
France's Danone Reenters India Market for Third Time
After exiting the Indian market twice, Danone, the French yogurt maker, is back again determined to succeed in India's dairy consumption opportunity. This time round, the company's investment arm, Danone Manifesto Ventures, acquired a stake in Mumbai-based Drums Food International that manufactures the Greek yogurt brand Epigamia. Analysts say that...
Greek Yogurt Travels to India
Dahi or yogurt is not new to Indians – it has been around since 500B.C. forming an integral part of India’s variety of cuisines, and both savory and sweet dishes are prepared from it. Globetrotting Indians, expatriates, as well as the more adventurous, have come to relish Greek yogurt, and...