
Verlinvest-backed brand ramps up production after booking 50% revenue growth over two years, running existing lines at 85% capacity.
Dairy and snack innovator Epigamia is preparing to commission a brand-new, large-scale manufacturing plant within the next few months to capitalize on India’s rapidly heating value-added dairy market. Backed by institutional investor Verlinvest, the brand has witnessed an explosive 50% revenue growth over the past two years, causing its existing processing footprint to run close to its absolute limits. At present, the company maintains a lightning-fast commercial velocity, selling approximately three cups of its yogurt and snack products every single second across the Indian domestic market.
To support this fast-moving consumer momentum, Epigamia currently manages an agile supply chain network of eight factories operating at a high 85% capacity utilization rate. The majority of these processing operations are handled via specialized co-manufacturing partnerships. According to co-founder and COO Ankur Goel, the incoming structural manufacturing expansion will be funded entirely through internal accruals, as the enterprise remains completely self-sufficient and does not anticipate any near-term external capital or fundraising requirements.
This physical asset expansion aligns with a major leadership transition as new CEO Ritesh Gauba and COO Ankur Goel firmly settle into their executive roles following the passing of co-founder Rohan Mirchandani. Historically, the premium dairy firm has raised more than $80 million from prominent global backers, including Verlinvest and Danone Manifesto Ventures, and achieved a valuation of ₹1,250 crore in December 2023. On the financial front, the company reported an operational revenue of ₹180 crore for the 2024 fiscal year while successfully narrowing its net losses to ₹17.4 crore, down from a prior ₹67 crore deficit.
While the company continues to heavily diversify its high-value portfolios into trending functional segments like protein milkshakes, smoothies, and lactose-free items, its signature Greek yogurt line remains the undisputed financial anchor, generating more than half of total corporate revenue. To deliver these highly perishable portfolios to health-conscious urban demographics, Epigamia leverages a balanced distribution channel mix. The company’s sales velocity is split almost equally between legacy traditional retail formats, broader e-commerce platforms, and fast-growing quick-commerce applications.
The decision to aggressively scale up regional processing reliability comes as deep-pocketed competitors expand their own footprints within India’s premium value-added dairy landscape, with regional players like Tamil Nadu’s Milky Mist, cooperative giant Amul, and venture-backed Akshayakalpa Organic heavily diversifying their flavored dessert portfolios. To maintain its hard-won competitive edge, Epigamia is prioritizing absolute domestic optimization. While the company had advanced plans to expand internationally into the United Arab Emirates through a strategic alliance with e-commerce platform Noon, those regional initiatives have been officially placed on hold due to ongoing geopolitical tensions, keeping corporate focus entirely locked on Indian market penetration.
Source: Livemint
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