Dodla gets US-funding for supporting 250,000 farmers.

The Rise Fund has agreed to invest US$50M in Dodla Dairy Limited, a fresh dairy product company in South India.

It is The Rise Fund’s first investment in India and the food and agriculture sector.

The Rise Fund is managed by TPG Growth, the growth equity and middle market buyout fund of global alternative asset firm TPG.

The Rise Fund focuses on investments in seven sectors: education, energy, food and agriculture, financial services, growth infrastructure, healthcare, and technology, media, and telecommunications.

Each sector is managed by a sector lead who works closely with the investing teams. Joy Basu leads The Rise Fund’s Food and Agriculture Sector Team.

Founded in 1995 by D. Sesha Reddy and D. Sunil Reddy, Dodla procures and processes fresh milk to sell high-quality dairy products across 66 regions in South India.

Dodla sources milk from 250,000 farmers across 7,000 villages every day of the year.

The Rise Fund seeks to support the company in operating its procurement network fairly, transparently, and efficiently—supporting farmers’ needs, as well as bolstering the company’s success.

Dodla sources milk from 250,000 farmers across 7,000 villages every day of the year.

The Rise Fund, based in US, seeks to support the company in operating its procurement network fairly, transparently, and efficiently—supporting farmers’ needs, as well as bolstering the company’s success. fii-news.com