Milk Mantra secures $10 Mn debt from International Development Finance Corporation
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Bhubaneswar-based dairytech startup Milk Mantra has raised $10 Mn in loan from US International Development Finance Corporation (DFC). It has also approved $371K (INR 2.8 Cr) in technical assistance to support the Milk Mantra’s agriculture extension services and ethical milk sourcing program. The main focus of this would be to build out Milk Mantra’s digital financial services platform for its network of farmers.