Funding
Dairy product manufacturer Ace International raises $35 million funding
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Dairy product manufacturer and exporter Ace International Limited has raised $35 million funding in a round led by Dutch entrepreneurial development bank FMO with participation from ResponsAbility, Incofin and Fiedlin Ventures.
The Delhi-based company manufactures, exports, and supplies a wide range of dairy ingredients and products to its business-to-business (B2B) and business-to-customer (B2C) clients.
“The funding will be primarily used for opening another manufacturing unit in Andhra Pradesh and strengthening our supply chain,” said Sanjeev…
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