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Milk Mantra information


Milk Mantra
Company typePrivate
IndustryFood, dairy, health food
FoundedAugust 2009
FounderSrikumar Misra
Headquarters
Odisha
,
India
Area served
Odisha, Bengaluru, Hyderabad
Key people
  • Srikumar Misra (Founder & Chairman)
  • Rashima Misra (Cofounder & Executive Director)
  • Lt Col Ashit Mahapatra (Cofounder)[1]
  • Sandipan Ghosh (MD & CEO)
  • Biswajit Mishra (CFO & Director)[2]
ProductsMilk, curd, Probiotic Curd, buttermilk, Lassi, Cottage cheese, Mishti Dahi, Chhenapoda, Chocolate Chhenapoda
BrandsMilky Moo, Moo Shake and Daily Moo
Revenueest.248 crore (US$31 million) (FY 2021)[3]
Websitewww.milkmantra.com

Milk Mantra is a dairy foods company based in Odisha, India founded in August 2009 by former director at Tetley Srikumar Misra and cofounded by Rashima Misra and Lt Col Ashit Mahapatra, to solve the trust deficit between consumers and food in India arising out of opaque supply chains and adulterated food. First operational in 2012, it is India's first venture capital-backed agri-foods startup. It was set up to solve the milk scarcity problem in the state.[4] Milk Mantra has been built as a purpose driven socially responsible business that seeks to rebalance capitalism by leveraging brand capital to create impact at scale.[5]

Milk Mantra and Srikumar Misra have been featured on the front page of the Wall Street Journal,[6] in case studies by Stanford Business School[7] and Indian Institute of Ahmedabad and also extensively covered by leading academia and media.[8][9]

  1. ^ "Aavishkaar Picks Up A Significant Minority Stake In Milk Mantra". VCCircle. 1 February 2011.
  2. ^ Verma, Prachi. "Milk Mantra appoints Biswajit Mishra as CFO". The Economic Times.
  3. ^ "Dairy Startup Milk Mantra Sees Bigger Market Share in Eastern India". www.bloomberg.com.
  4. ^ Cite error: The named reference HBL was invoked but never defined (see the help page).
  5. ^ Dash, Jayajit (19 June 2020). "Milk Mantra raises $10 million from US-based DFC, gets tech package too". Business Standard India.
  6. ^ Spindle, Bill (7 July 2018). "A Milk Startup Takes On 300 Million Cows". Wall Street Journal.
  7. ^ Strebulaev, Ilya A.; Randolph, Justin. "VC Decision-Making in India: Aavishkaar and Milk Mantra (A)". Stanford Graduate School of Business.
  8. ^ Shashidhar, Ajita. "BT Buzz: Regional companies outpacing dairy majors in India". Business Today.
  9. ^ Cite error: The named reference ET was invoked but never defined (see the help page).

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