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MillD to scale capacity 10-fold with new Bengaluru plant, targets Rs 700 cr revenue by FY29

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MillD to scale capacity 10-fold with new Bengaluru plant, targets Rs 700 cr revenue by FY29

MillD to scale capacity 10-fold with new Bengaluru plant, targets Rs 700 cr revenue by FY29

MillD is increasing its manufacturing capacity tenfold to 200 tonnes per day with a new facility. The company targets revenue of Rs 225 crore in FY28 and Rs 700 crore in FY29. Currently, MillD generates an annualised revenue run rate of Rs 110 crore within its first eight months of operation. The product is aimed at the wheat flour market, offering a high-protein alternative at Rs 250 per kg.

High-protein atta brand MillD is expanding its manufacturing capacity tenfold to 200 tonnes per day with a new 40,000 sq ft facility near Bengaluru, as it targets revenue of Rs 225 crore in FY28 and Rs 700 crore in FY29, co-founders Prashant Pitti and Sivaram Briyas told ETRetail. The brand, which has achieved an annualised revenue run rate (ARR) of around Rs 110 crore within eight months of launch, is also evaluating an external fundraise after initially financing the business through the founders' own capital. They did not disclose the investment in the new manufacturing facility. "Our current manufacturing has a capacity to produce 20 tonnes a day. The next factory is going to be 200 tonnes a day," Pitti said, adding that both facilities are located in the Bengaluru region. Advt

The existing 7,000 sq ft unit, comprising 5,000 sq ft of manufacturing space and 2,000 sq ft for dispatch, is operating at 14-15 tonnes per day against its installed capacity of 20 tonnes.



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