Ace International Secures Funding to Boost Dairy Production

Dairy tech company Ace International has successfully acquired $35 million in a funding round led by the Dutch development bank FMO, with contributions from ResponsAbility, Incofin, and Fiedlin Ventures. These funds are aimed at establishing a second manufacturing facility in Andhra Pradesh and enhancing its supply chain. The existing facility located in Uttar Pradesh currently processes approximately 500,000 litres of milk on a daily basis.

New Manufacturing Facility and Technology

The forthcoming facility will introduce innovative dairy nutrition processing technologies to the Asian market, aimed at supporting the creation of specialised nutrition ingredients for international food and nutrition companies. This new complex, situated in a prominent agricultural region and backed by robust logistics infrastructure, is set to collaborate with over 40,000 farmers, notably including a significant number of women. These sourcing partnerships are designed to improve rural livelihoods, as stated by the company.

Products and Export Plans

Ace International is dedicated to the manufacture and export of various dairy products and ingredients. The company transforms raw milk into inputs for infant and adult nutrition, ready-to-mix offerings, whey proteins, milk powder, ghee, butter fat, and protein-based formulations. It serves both B2B and B2C sectors.

The brand exports its dairy ingredients to Bangladesh and the Philippines and has plans to broaden its export reach to Southeast Asia, the Middle East, Africa, and the United States.