Danone provides top-up funding to yogurt brand Epigamia

18 June 2020 | News

The company has also recently ventured into the plant-based category with the launch of coconut milk yogurts

Mumbai based Epigamia, the Greek yogurt brand has received an extension to the Series C funding provided last year from the venture capital arm of French dairy giant Danone and investment firm Mousse Partners.

Epigamia co-founder and chief executive Rohan Mirchandani revealed that the majority of the Rs 400 million (US$5.2m) was contributed by Danone Manifesto Ventures, DMV and New York-based Mousse Partners with participation from angel investor Julie McGinnis.

Back in 2019, the investment house Verlinvest led the Series C round with $25.6 million and DMV had acquired an undisclosed stake in Epigamia. Investment firm, Mousse Partners was also part of that round.

Epigamia was founded in 2015 by CEO Mirchandani, Ganesh Krishnamurthy and Uday Thakkar. The company has 24 SKUs spread across yogurt, smoothies, ghee-based spreads, curd and traditional Bengali desserts, mishti doi sold via Epigamia's direct-to-consumer platform.

The company has also recently ventured into the plant-based category with the launch of coconut milk yogurts, which the CEO claims is a first in India. The plant-based range is also a big leap in Epigamia's long-term goals to enable a sustainable livelihood and a cleaner environment, he added.

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