Epigamia yogurt-maker Drums Food raises USD 13.8 M for Series B
Founders: Rohan Mirchandani, Milap Shah, Ganesh Krishnamurthy, Uday Thakkar
Founded in: 2008
Financing status: USD 13.8 million for Series B round in 2017
Drums Food International has raised USD 13.8 million for Series B round led by existing investors Belgian-based Verlinvest and DSG Consumer Partners. InnoVen Capital, a venture lending firm backed by Temasek Holdings and UOB Group, also participated in the round.
Drums Food, founded in 2008 by Rohan Mirchandani, Milap Shah, Ganesh Krishnamurthy and Uday Thakkar, launched Epigamia Greek yogurt in 2015. The startup is best known for its Hokey Pokey brand of ice creams.
Epigamia claims to be made with all-natural ingredients using a traditional Greek straining process. Epigamia is available in more than 2,500 retail outlets, such as Godrej Nature’s Basket, Hypercity and Future Group’s Food Hall and Big Bazaar, and spans across Mumbai, Delhi NCR, Bengaluru, Pune, Chennai, Hyderabad, Surat, Ahmedabad, Baroda, Chandigarh, Srinagar, Jalandhar. It is also available on online e-commerce platforms, namely Big Basket. Epigamia’s current flavor-profile includes eight flavors — Natural, Alphonso Mango, Strawberry, Green Apple, Honey Banana, Blueberry, Mulberry and Vanilla Bean.
The startup will use the newly raised investment to launch new flavors, initiate brand-building and increase production capacity.
(Top photo from Pixabay)