Exclusive: Milky Mist to raise Rs 357 Cr in pre-IPO round

Milky Mist, a leading dairy products company, is reportedly set to raise ₹357 crore (approximately $42.7 million) in a pre-IPO funding round. This significant capital infusion signals the company's intent to pursue an Initial Public Offering (IPO) in the near future. The funds raised in this round will likely be used to expand production capacity, strengthen its distribution network, and potentially diversify its product portfolio. This pre-IPO round indicates investor confidence in Milky Mist's growth trajectory and its potential to capture a larger share of India's rapidly expanding dairy market.