VC Fund Investments
Dairy startup Frubon raises funding from Fireside Ventures, others
Dev Milk Foods Pvt Ltd (DMF), a Jaipur-based dairy company selling ice cream, milk, and value-added dairy products under the brand ‘Frubon’, has attracted funding from Fireside Ventures, Narotam Sekhsaria Family Office (Pi Ventures LLP) and other angel investors. Dexter Capital was the exclusive financial advisor on this transaction.The company will use the fresh funds to grow the existing retail footprint, expand to other North Indian cities via retail channels, strengthen production and distribution capability, and increase product offerings.Commercially launched in April 2017, DMF is present in over 40 cities and towns in North India and sells through a network of distributors and direct channels, HORECA clients, and online quick e-commerce delivery apps such as Blinkit, Big Basket and Swiggy Instamart.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
