Ace International raises $35M to expand its dairy tech operations in Andhra Pradesh, fostering agri-partnerships & global reach

Ace International raised $35 million led by FMO, joined by ResponsAbility, Incofin, and Fiedlin Ventures. The funds will build a new manufacturing unit in Andhra Pradesh and improve its supply chain. The Kuppam facility will partner with 40,000 farmers, including women. Producing dairy ingredients, Ace exports to Bangladesh and the Philippines, with plans to expand to Southeast Asia, the Middle East, Africa, and the U.S.