Team StartupCity

• Raises $35 Million led by Dutch investor FMO
• Funds to build second plant in Andhra Pradesh
• Plans global expansion in dairy nutrition exports

Ace International, a dairy-tech company, has raised $35 million in a new funding round led by Dutch development bank FMO. Impact investors ResponsAbility, Incofin, and Fiedlin Ventures also participated in the round. The company will use the fresh capital to set up its second large-scale manufacturing facility in Andhra Pradesh and expand its supply chain network.

Ace International currently operates a plant in Uttar Pradesh that processes nearly 500,000 liters of milk every day. The new Andhra Pradesh unit will introduce advanced dairy nutrition processing technology to the Asian market. The facility will support production of high-value nutrition ingredients for global food and nutrition companies.

The Kuppam-based facility will be located in a major agricultural region with strong infrastructure support. Ace International said the plant will work closely with more than 40,000 farmers many of them women through sourcing programs aimed at improving rural incomes and strengthening long-term partnerships.

Ace International manufactures a wide range of dairy products and ingredients, including infant and adult nutrition inputs, whey proteins, ready-to-mix powders, ghee, milk powder, and protein formulations. It serves both B2B and B2C customers across multiple markets.

Also Read: Arctus Aerospace Raises $2.6 Million to Advance High-Altitude Drone Technology

The company currently exports dairy ingredients to Bangladesh and the Philippines. With the new investment, it plans to expand its global footprint across Southeast Asia, the Middle East, Africa, and the United States, tapping into the rising demand for nutrition-focused dairy products worldwide.