Epigamia, the Greek yogurt brand owned by India-based Drums Food International, has received new financing from the venture capital arm of French dairy giant Danone and investment firm Mousse Partners in an extension to a Series C round provided last year.

Danone Manifesto Ventures (DMV) and New York-based Mousse Partners contributed the majority of the INR400m (US$5.2m), with participation from angel investor Julie McGinnis, Epigamia co-founder and chief executive Rohan Mirchandani clarified to just-food.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Last year, investment house Verlinvest led a $25.6m Series C round, with participation from DMV – which took an undisclosed stake in Mumbai-based Epigamia at the time – and Mousse. The $5.2m is an additional amount, Mirchandani confirmed, adding the fresh financing will be used for expansion and new product development.

A spokesperson for Danone said: “We don’t have further comment.”

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, Mirchandani said.

The company has also just entered the plant-based category with the launch of coconut milk yogurts, which the CEO claims is a first in India. They are sold via Epigamia’s direct-to-consumer platform. 

“Launching this product range is core to Epigamia’s vision of contemporising the Indian dairy industry,” Mirchandani told just-food. “The plant-based range is also a big leap in Epigamia’s long-term goals to enable a sustainable livelihood and a cleaner environment.”

just-food Guide: Big Food’s stake in the future – in-house venture-capital funds