Dairy product manufacturer Ace International raises $35 million funding, led by FMO. The funds will help open a new manufacturing unit in Andhra Pradesh and strengthen the supply chain.
Amount Raised
$35 Million
Round Type
Funding Round
New DelhiManufacturingFood and BeverageFarmingFood ProcessingNutritionInvestors
Description
Ace International Limited has secured $35 million in funding led by the Dutch bank FMO. The Delhi-based dairy manufacturer aims to use this investment to establish another production facility in Andhra Pradesh. Currently, they operate a manufacturing unit in Uttar Pradesh, processing 500,000 liters of fresh milk. The company supplies a variety of dairy products to both B2B and B2C clients and plans to expand its export business.
Who to call at Ace International, and when
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- An alert the day Ace International raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ace International, from your own LinkedIn network
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Ace International raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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