View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 11, 2019

World Bank investment arm IFC considers backing India’s Dodla Dairy

A global investment business is considering backing India's Dodla Dairy to the tune of US$15m, it has confirmed.

By Leonie Barrie

International Finance Corporation (IFC), the private-sector investment arm of the World Bank, is considering making an investment in India’s Dodla Dairy.

Free Report
img

VC funding trends to watch out for in Consumer

Consumer industry investors across the world are betting big on the ESG trend to pick up in the future and are focusing on backing the start-ups and emerging companies working in the meat-alternative products category.   The top two deals in this category were the $500 million investment raised by Impossible Foods and the $347 million investment deal for Future Meat Technologies.  GlobalData’s Venture Capital Investments – Consumer 2021 will help you dive into the capital raising landscape across regions and themes.  Use the report to identify emerging signals and trends across Consumer, formulating winning strategies for the road ahead.   
by GlobalData
Enter your details here to receive your free Report.

Reports in India have suggested a deal has already been done but the IFC told just-food that while it is considering the investment –  debt funding of US$15m – nothing has been finalised as yet.

An IFC spokesperson said: “We are yet to invest in Dodla Dairy. It is a potential investment under consideration with our board.”

The IFC has disclosed the potential deal on its IFC Disclosure Portal.

Dodla Dairy, which counts US private-equity firm TPG Growth as its backer markets milk and value-added dairy products such as curd, ghee, butter, flavoured milk and ice cream. It gets about two-thirds of its revenue from milk and the remaining from dairy products.

It operates under the brand names Dodla Dairy and Dairy Top.

Hyderabad-based Dodla has factories in Andhra Pradesh, Telangana, Karnataka and Tamil Nadu in Indian and also runs operations in Uganda and Kenya.

In its disclosure, the IFC said if an investment were to happen, Dodla planned to use the proceeds to expand and upgrade its existing manufacturing infrastructure by purchasing new equipment for select processing plants.

It would also use the money for marketing and brand-building purposes.

Related Companies

Free Report
img

VC funding trends to watch out for in Consumer

Consumer industry investors across the world are betting big on the ESG trend to pick up in the future and are focusing on backing the start-ups and emerging companies working in the meat-alternative products category.   The top two deals in this category were the $500 million investment raised by Impossible Foods and the $347 million investment deal for Future Meat Technologies.  GlobalData’s Venture Capital Investments – Consumer 2021 will help you dive into the capital raising landscape across regions and themes.  Use the report to identify emerging signals and trends across Consumer, formulating winning strategies for the road ahead.   
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food