11.8 C
New York
Tuesday, December 1, 2020
Home Trends Deepika Padukone-backed Startup Epigmia now valued at $68.5M

Deepika Padukone-backed Startup Epigmia now valued at $68.5M

DRUMS Foods International, the parent company flavored and Greek yogurt Epigamia, which is backed by the Indian actor Deepika Padukone, is now being valued at $68.52 million. According to the report, the actor has recently pumped around in INR 1.05 crore as a part of its Series C funding round.

DUMS allocated 5833 equity shares of the face value of INR 100, on a professional basis, at a premium of INR 1705.50.

The investment has made via the KA Enterprises LLP, a corporate entity that is fully owned by the actor, earlier in the month of May 2019, Epigamia revealed that it was raising an undisclosed amount of funding from the Deepika. As a part of its investment, Deepika is a strategic advisor and partner to the FMCG company.

It is a part of a multi-core strategic partnership where the Deepika will be endorsing the brand as its brand ambassador.

The Co-founder Rohan Mirchandani said:

“Our idea for Series C wasn’t just to raise capital but also get the right partners to scale the business. Therefore, we got Danone and the others on the supply chain side. Our partnership and investment with Deepika will be more towards building awareness about Epigamia. Moving forward she will be advising us on various aspects and providing crucial feedback, which will take the brand forward into newer offerings.”

The post Deepika Padukone-backed Startup Epigmia now valued at $68.5M appeared first on TechStory.

Source: Techstory


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Why Are Rape Cases Increasing Every Year? | And to The Worst Extent Police Are Also A Part of Rape Cases

Rape cases in India: Rape is seen to be one of the major crimes against women for a longer period and has never attained an...

Chinese Scientists Are Now Claiming That COVID Began In India, But That Seems To Indicate More Of A Political Issue Than Backed With Scientific...

In the event that a researcher plans to politicize a pandemic, the most informal strategy would be the age of libertarian hypotheses without social...

Cyclone to hit Tamil Nadu on Dec 4

A cyclone is very likely to hit Tamil Nadu on December 4, the second time in a week, the Cyclone Warning Division of the...

The Negative Report Of “RT-PCR Diagnostic Test” Is Mandatory For Travelers! Delhi Slashes The Cost Of RT-PCR Testing for “COVID-19”

As the number of coronavirus cases is increasing every day, many states have mandated a negative RT-PCR diagnostic test report for travelers from Delhi-NCR...

Recent Comments

%d bloggers like this: