Prabhat Dairy raises fresh funds from Proparco, may raise more next year
Ahmednagar-based Prabhat Dairy Pvt Ltd has received fresh private equity funding from Proparco, a French development financial institution. This is part of a larger funding of around Rs 140 crore which included infusion from Rabo Equity’s India Agribusiness Fund.
The firm did not officially disclose how the overall quantum is split between the investors but a top company executive said Proparco has now put in Rs 60 crore (around $10 million when the deal was closed a few weeks ago). Last year in September, India Agribusiness Fund, a private equity fund sponsored by Rabobank, had invested Rs 80
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