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Pune-based D2C dairy brand Desi Farms has acquired Suruchi Dairy, a much larger and older dairy company, for about INR 130 Cr in an all-cash deal
While Desi Farms acquired a 51% stake in Suruchi Dairy in June, it will acquire the remaining 49% stake next month, Desi Farms founder and CEO Sunil Shahi told Inc42
To fund the acquisition, the D2C brand is raising about INR 100 Cr from a consortium of angel investors and family offices, Shahi said
Pune-based D2C dairy brand
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Pune-based D2C dairy brand Desi Farms has acquired Suruchi Dairy, a much larger and older dairy company, for about INR 130 Cr in an all-cash deal
While Desi Farms acquired a 51% stake in Suruchi Dairy in June, it will acquire the remaining 49% stake next month, Desi Farms founder and CEO Sunil Shahi told Inc42
To fund the acquisition, the D2C brand is raising about INR 100 Cr from a consortium of angel investors and family offices, Shahi said
Pune-based D2C dairy brand
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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