Ace International, a dairy tech company, has raised ₹305 crore (~$35 million) in a fresh funding round led by Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), responsAbility, Incofin, and Fiedlin Ventures.
The fresh funds raised will be used to establish a greenfield integrated dairy ingredients and nutrition complex in Kuppam, Andhra Pradesh. The site will strengthen ACE’s manufacturing footprint, enabling faster scale-up and diversification into new product categories to serve a burgeoning demand for high-performance and customized nutrition in India and globally.
Located within a major agri-producing region and supported by existing logistics infrastructure, the Kuppam complex will engage more than 40,000 farmers, including a substantial number of women, through sourcing partnerships that are intended to strengthen rural livelihoods.
Ace International is an integrated food ingredient company, dedicated to advancing the science and scalability of nutrition. From sourcing to processing to formulation, ACE delivers high-quality, affordable, and sustainable ingredient solutions to partners across the food, beverage, and health sectors.
The company processes raw milk into infant-nutrition inputs, adult-nutrition inputs, ready-to-mix products, whey proteins, milk powder, ghee and butter fat, and protein-based formulations. It supplies both B2B and B2C customers.
Ace International manufactures and exports dairy products and ingredients to Bangladesh and the Philippines. It plans to expand its export network to Southeast Asia, the Middle East, Africa, and the United States.
Over the past three decades, the company has evolved from a family-owned enterprise into a trusted end-to-end food ingredient player servicing multiple product segments like nutraceuticals, infant and sports nutrition, medical nutrition, beverages, and confectionery.
Sanjeev Goyal, Founder and Chairman, Ace International, said, “This partnership is more than just funding — it’s an accelerator of purpose. We’ve built ACE around one belief — that innovation in food technology can drive both better business outcomes and better nutrition for all. With this investment, we’re ready to take that vision global.”
