Dairy foods startup Milk Mantra raises $10M in debt from US International DFC

Date posted: Saturday 4 July 2020

DFC has also approved technical assistance amounting to $371,000 (Rs 2.8 crore) to support the company’s agriculture extension services and ethical milk sourcing programme. According to a statement released by the company, the main focus of this would be to build Milk Mantra’s digital financial services platform for its network of farmers. The platform will aim at financial inclusion of farmers, especially women farmers. The statement further added that there are nearly 100 million dairy farmers in India with a significant proportion being women.

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