Verlinvest leads $25m Series C for India's Drums Food

DSG Consumer Partners, InnoVen Capital, and the venture capital arm of French food company Danone also contributed. It follows a $14 million Series B led by Verlivest in 2017 that included participation by DSG.

Epigamia is marketed in several varieties across a range of domestic demographics, including health-conscious millennials. Since raising its Series B, the company has expanded its portfolio to include India's first lactose-free curd, a modernized version on a traditional regional dessert, and a high protein drinkable yogurt.

Epigamia currently retails across 10,000 touch points, including modern brick-and-mortar stores and online vendors Big Basket and Amazon. Drums will use the fresh capital to expand its overall product distribution across 25 cities in India and introduce a range of new products with value propositions related to high-protein, lactose-free, and probiotic characteristics.

"We are delighted with the increasing adoption of the Epigamia brand with the new-age Indian consumer, which has driven us to double down on our investment in Drums Food," Arjun Anand, a principal at Verlinvest, said in a statement. "We continue to be very optimistic about the growth potential of healthy and premium dairy products for the Indian market."

Belgium-based Verlinvest was created in 1995 by the founding families of Anheuser-Busch InBev and maintains bases in Singapore and New York. The firm claims over $2 billion in assets under management across a diversified portfolio with a significant emphasis on food and beverage. Recent activity in this space in India includes participation in a growth round for food processing and sauces specialist Veeba.

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• Topics
• South Asia
• Consumer
• Expansion
• India
• Verlinvest
• Innoven Capital
• DSG Partners Asia