Stake sale · Commerce & Consumer Brands
Epigamia sees $20 million secondary stake sale
By Startup Enthusiast ·
- Date
- Company
- Epigamia
- What it does
- Consumer food and beverage brand
- Kind
- Stake sale
- Amount
- $20 Mn
- Stage
- growth
- Founded
- 2015
What they do
Epigamia produces various dairy and snack products including Greek yoghurt, artisanal curd, smoothies, and mishti doi for the Indian consumer market
What happened
Existing investors Verlinvest and the Mirchandani family increased their holdings in a $20 million secondary sale, while Sauce.vc joined the cap table
Why it matters
The transaction involves no new capital infusion and provides a stable shareholder base following the passing of cofounder Rohan Mirchandani in 2024
The details
- Investors Verlinvest and the Mirchandani family increased their ownership in Epigamia through a $20 million secondary transaction.
- New institutional investor Sauce.vc also acquired a stake in the company as part of this deal.
- The transaction involved DSG Consumer Partners and KA Enterprises selling a portion of their existing shares.
- This deal is a secondary sale, meaning no new money reaches the company's bank account.
- The company aims to use this shift to establish a stable shareholder base for its next phase of growth.
The bigger picture
- The company experienced a leadership transition following the death of cofounder Rohan Mirchandani in December 2024.
- Ritesh Gauba was appointed as CEO in May 2026 to lead the company's operations.
- COO Ankur Goel was elevated to the role of cofounder in May 2026.
About the business
- Epigamia started as a Greek yoghurt brand and expanded into various healthy snack categories.
- The product portfolio includes artisanal curd, snack packs, mishti doi, and healthy smoothies.
- The company distributes products through its website, e-commerce platforms, quick commerce, and offline retail stores.
- It maintains a network of over 25,000 retail touchpoints across more than 30 cities in India.
- The company reported ₹173.7 Cr in operating revenue for FY24.
The deal
- Type
- secondary sale
Investors
- Verlinvest (lead) — Long-term investor that first backed the company in 2016.
- Sauce.vc (participated) — New institutional investor joining the cap table.
Founders
- Rohan Mirchandani, Cofounder
- Uday Thakker, Cofounder
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