Drums Food International, the India-based owner of yoghurt brand Epigamia, has completed an Rs 1.8bn ($25.6m) series C round co-led by food producer Danone, VCCircle has reported.
Danone’s Manifesto Ventures unit co-led the round with investment firm Verlinvest, participating alongside DSG Consumer Partners and private investor Samina Vaziralli, while InnoVen Capital provided debt financing.
Founded in 2015, Drums Food produces and sells high-protein Greek yoghurt products such as artisan curd, snack packs and drinks through retail outlets and e-commerce sites. The series C capital will support plans to expand its distribution network and product portfolio.
Verlinvest and DSG Consumers Partners co-led a $14m round for the company in July 2017 that included debt financing from InnoVen Capital.
Drums had previously secured $6.6m in a 2015 series A round also co-led by Verlinvest and DSG and backed by Fireside Ventures and private investors Apurva Salarpuria and Kunal Kapoor.
Image courtesy of Epigamia.