Orissa-based Dairy startup Milk Mantra Dairy has raised Rs. 80 crore ($13.08 million) in Series C led by Fidelity Growth Partners along with investment from existing investor Aavishkaar Venture..Universal Legal acted for Aavishkaar with a team led by Partner Sameena Chatrapathy along with Associate Shreya Deora..Amarchand Mangaldas acted for Fidelity with a team led by Bangalore-based Partner Arjun Lall..Wadia Ghandy advised Milk Mantra with a team led by Senior Asociate Shreya Desai along with Associate Karishma Baria..The transaction also had a secondary component where all of its 25 angel investors have exited. Currently, Aavishkaar Venture and Fidelity India together hold around 70 per cent stake in Milk Mantra and remaining 30 per cent is held by the promoters, according to VCCircle.
Orissa-based Dairy startup Milk Mantra Dairy has raised Rs. 80 crore ($13.08 million) in Series C led by Fidelity Growth Partners along with investment from existing investor Aavishkaar Venture..Universal Legal acted for Aavishkaar with a team led by Partner Sameena Chatrapathy along with Associate Shreya Deora..Amarchand Mangaldas acted for Fidelity with a team led by Bangalore-based Partner Arjun Lall..Wadia Ghandy advised Milk Mantra with a team led by Senior Asociate Shreya Desai along with Associate Karishma Baria..The transaction also had a secondary component where all of its 25 angel investors have exited. Currently, Aavishkaar Venture and Fidelity India together hold around 70 per cent stake in Milk Mantra and remaining 30 per cent is held by the promoters, according to VCCircle.