US International Development Finance Corporation (DFC), America’s development bank that invests in projects that create jobs in emerging markets, announced that it has committed a $10 million loan to Milk Mantra, a new-age dairy food startup in India, according to YourStory report. Commenting on the investment, Ajay Rao, Director of DFC’s Social Enterprise Finance Team,…
WayCool Foods, a Chennai-based agri-tech startup that processes, distributes, and procures fresh produce, dairy products, and staples, announced that it has raised $5.5 million debt funding from IndusInd Bank. Recently, the company raised $32 million in Series C funding led by Lightbox. The Agri-tech startup plans to use the funds to introduce advanced technology, implement…