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April 04, 2013

Deal Alert: Aavishkaar infuses further money into dairy company Milk Mantra

Aavishkaar, via its Aavishkaar India II Fund, has made further investment in Orissa based dairy company Milk Mantra. The investment happened in December 2012. Aavishkaar has invested Rs.3 crore as part of the second round of funding. 

Vineet Rai of Aavishkaar had joined the Milk Mantra board in Dec-12. Milk Mantra was established in 2009 and offers milk cartons. It started operations in Bhuvaneswar and is looking to extend to other parts of Eastern India.

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