Erode-based Milky Mist has raised Rs 482 crore from Jongsong Investments in a pre-IPO funding round, valuing the company at Rs 9,300 crore. This funding marks a significant markdown from its previous IPO valuation.
Amount Raised
₹4.82 Billion
Round Type
Venture
HyderabadFood and BeverageAgriculture and FarmingInvestors
Description
Erode-based dairy company Milky Mist has raised Rs 482 crore from Jongsong Investments, an indirect subsidiary of Singapore’s Temasek Holdings, in a pre-IPO round. The valuation stands at roughly Rs 9,300 crore, a sharp markdown from a targeted Rs 20,000 crore valuation. The funding includes Rs 357 crore in primary capital and Rs 125 crore in a secondary sale by the promoters. Milky Mist specializes in selling paneer, cheese, and other dairy products.
Quick answer
Milky Mist raised ₹4.82 Billion in a funding round, dated May 7, 2026. Investors: Jongsong Investments. Milky Mist is based in Hyderabad, Telangana, India.
- How much did Milky Mist raise?
- Milky Mist raised ₹4.82 Billion in a funding round on May 7, 2026.
- Who invested in Milky Mist?
- Jongsong Investments is named as investors in this round.
- What does Milky Mist do?
- Milky Mist is a dairy company that follows a farm-to-fork model, sourcing milk directly from farmers and producing over 150 SKUs across 20 categories including curd, paneer, ghee, and cheese.
- Where is Milky Mist based and how big is it?
- Milky Mist is based in Hyderabad, Telangana, India.
Source: Fundz verified event record.
Who else raised in Food and Beverage and Agriculture and Farming around the same time
Companies in the same sectors as Milky Mist that raised within 45 days of this round, from Fundz verified event records.
- Vivici raised $14M (Funding Round) on June 17, 2026.
- Nature’s Miracle Holding raised $566K (Series A) on June 1, 2026.
- Impensus Electronics Private Limited raised $167K (Pre-Series A) on May 31, 2026.
- Pacifico Biolabs raised $8.1M (Series A) on May 27, 2026.
- Desi Farms raised $16M (Seed) on May 19, 2026.
- Nothing But raised an undisclosed amount (Seed) on May 19, 2026.
Who to call at Milky Mist, and when
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- The decision-makers there, with verified emails
- Who you already know at Milky Mist, from your own LinkedIn network
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