Verlinvest, founders buy out Epigamia backers in $20M secondary deal
What's the deal? Belgian investor VerlinvestDealroom has a profile for this one. Try Dealroom →, the family of late founder Rohan Mirchandani, and Manu Chandra-led Sauce have bought out some of Epigamia's early backers in a secondary deal worth a little over $20 million. The companies did not disclose shareholding or valuation details.
What each side does: Epigamia is an Indian dairy and snacking startup pushing healthier, protein-rich foods. Verlinvest is a consumer-focused firm that has backed the company for a decade; Sauce, led by Manu Chandra, enters Epigamia's cap table for the first time.
Why now? The move doubles down on Verlinvest's decade-old bet as Epigamia looks to scale a profitable business amid growing demand for protein-rich foods.
How it works: In a secondary transaction, shareholders sell their stakes to other existing or new investors. No new capital flows into the company itself.
The signal: The deal shows continued investor appetite for India's healthier-food segment, with a long-time backer deepening its position and a new investor buying in as founders consolidate ownership.
Read more: htsyndication.com
Image credit: Mr.TinDC
