Cremeitalia, a dairy startup founded in 2018, secures INR 18 crore ($2.1 million) in Series A funding led by the Amit Jatia Family Office. The funds will be used to scale operations, enhance R&D, expand distribution, and boost brand-building efforts.
Cremeitalia, a dairy startup founded in 2018 by Prateek Mittal and Rajas Dhote, has raised INR 18 crore (around $2.1 million) in a Series A funding round. The investment was led by the Amit Jatia Family Office and supported by a range of high-net-worth individuals (HNIs) and family offices, including BL Taparia Family Office, Sixth Sense Ventures’ Nikhil Vora, and others.
Cremeitalia specializes in producing high-quality cheese using traditional Italian farming methods and modern technology. The company has gained recognition for its premium cheese products, catering to both the B2B and direct-to-consumer (D2C) markets.
The fresh capital will be used to scale Cremeitalia’s operations and enhance research and development (R&D) capabilities. The company plans to expand its distribution network, retail presence, and digital marketing efforts to strengthen brand awareness and reach more consumers. It will also use the funds to expand its team and improve economies of scale to deliver superior value to its customers.
With this funding round, our goal is to achieve a 5X scale-up in the next 18-24 months while building a fundamentally strong business that sets new industry benchmarks.”
Prateek Mittal, CEO and cofounder of Cremeitalia.
Rajas Dhote, cofounder and COO, emphasized the strategic use of the funds to streamline operations and improve gross margins.
Many of our investors come from manufacturing backgrounds, and we look forward to leveraging their expertise to drive operational efficiencies and sustainable growth,”
Rajas Dhote, cofounder and COO of Cremeitalia.
Cremeitalia competes with other dairy startups in the Indian market, including Eleftheria Cheese and well-established companies such as Country Delight, Happy Milk, and Puresh Daily.
The Indian dairy industry, which accounts for 24% of the world’s milk production, has attracted significant investor interest in recent years. The country has seen a 51% increase in milk production from 2014 to 2022. With projections indicating the industry will become a INR 49.95 lakh crore opportunity by 2032, Cremeitalia aims to leverage this growth to expand its presence and capture a larger share of the market.
In the past year, several other dairytech startups, including Doodhvale Farms and Stellapps, have raised substantial funding to enhance operations and scale their businesses. The continued interest from investors highlights