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Deepika Padukone invests in Epigamia
Bollywood actress Deepika Padukone has made an investment in Drum Foods International Pvt Ltd, the maker of flavoured yogurt brand Epigamia
New Delhi: Bollywood actress Deepika Padukone has made an investment in Drum Foods International Pvt Ltd, the maker of flavoured yogurt brand Epigamia, as part of a strategic partnership that will also see her endorse the brand.
The investment will be used by the firm to expand into new products and enter new cities, the company said in a press statement.
"This investment is an extension of the recently closed Series C round of funding led by Verlinvest, a Belgium-based consumer-focused investment firm, Danone Manifesto Ventures, the venture investment arm of one of the world's leading food and beverage companies, and DSG Consumer Partners, an Asia focused VC fund," the statement said.
Launched in June 2015, Epigamia is currently available in 20 stock keeping units (SKUs) under greek yogurt, artisanal curd, snack pack, mishtidoi and smoothies.
The flavoured yogurt brand retails in about 10,000 touch points and aims to scale up to 50,000 outlets in a few years. As part of the deal, Padukone will own equity in Drum Foods.
The company, however, declined to share the details of her investment.
