Kedaara Capital invests in Dairy Day, South India's leading ice cream brand, to support its growth and enhance production capabilities.
Investment Overview
On March 21, 2024, Kedaara Capital announced its strategic investment in Dairy Classic Ice Creams Private Limited, known as Dairy Day, a premier ice cream brand based in South India. This investment aims to propel Dairy Day towards its goal of becoming one of the most beloved ice cream brands in India while also facilitating a full exit for Motilal Oswal Private Equity and other angel investors. This partnership signifies a crucial turning point in Dairy Day’s trajectory.
Headquartered in Bengaluru, Dairy Day has cemented a robust foothold across Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, and Maharashtra, boasting a network of over 50,000 retailers. The company plans to enhance its production capabilities by adding an additional 150,000 liters per day to its existing capacity of 200,000 liters per day, following a remarkable compounded annual growth rate (CAGR) of 30% over the last decade.
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Industry Overview
The ice cream industry in India is gaining momentum, driven by rising disposable incomes, a growing consumer base, and burgeoning retail infrastructure. The sector reflects a keen interest in innovati
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Kedaara Capital
invested in
Dairy Classic Ice Creams Private Limited
in 2024
in a Other Private Equity deal