The US Inernational Development Finance Corporation (DFC) has committed a US$10 million (Rs 80 crore) loan to the Milk Mantra, a new-age dairy foods startup operating in the country.
The DFC investment is the first direct and substantial investment into Odisha.
With this investment, Milk Mantra has raised nearly 300 crore which has been invested in Odisha with a strong focus on empowering the local dairy farming community and creating indirect jobs.
“I am excited to bring on board a financial partner like DFC,” said Milk Mantra founder Srikumar Misra.