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Ace International raised $35M to build a new dairy facility in India, expanding production and farmer networks.
Ace International Ltd, a Delhi-based dairy ingredients manufacturer, has raised $35 million from global investors including FMO, responsAbility, Incofin, and Fiedlin Ventures.
The funds will finance a new greenfield facility in Kuppam, Andhra Pradesh, aimed at producing advanced dairy nutrition ingredients using innovative technology.
The project supports expanded manufacturing capacity, supply chain improvements, and the growth of an inclusive farming network, targeting over 80,000 smallholder farmers by 2030.
The company, which currently operates a 500,000-liter daily processing plant in Uttar Pradesh, exports to Bangladesh and the Philippines and plans to expand into Southeast Asia, the Middle East, Africa, and the U.S., focusing on products like whey protein, milk powder, ghee, and butter fat.
Ace International recaudó $ 35M para construir una nueva instalación lechera en la India, expandiendo la producción y las redes de agricultores.