The Death of the visionary co-founder of Epigamia, Rohan Mirchandani’s sudden loss has left the young business and start-up community in shock. The entrepreneur had started Drums Food International — the parent of the healthy snacks brand in 2013. Here are the details of his and Epigamia’s net worth.
Mirchandani, an alumnus of NYU Stern and The Wharton School, founded Drums Food International in 2013. Under his visionary leadership, the company transformed from Hoki Poki ice cream into the beloved brand Epigamia. Today, Epigamia has become a household name, renowned for its yogurt and other dairy products. Headquartered in Mumbai, the brand offers a wide variety of products, including yogurt, curd, beverages, milkshakes, smoothies, kheer, and Mishti Doi.
Net Worth
The net worth of the 41-year-old executive is not publicly disclosed. According to ‘Mint’, the $160 million start-up is the third-largest operator in its segment. Rohan Mirchandani holds approximately a 4.68% stake in the healthy snacks maker, as reported by data from the research agency Tracxn. However, the data indicates that the founder has not liquidated any part of his holdings. Following the most recent funding round in December 2023, his share in the company decreased slightly, from 4.8% to nearly 4.7%.
Mint’ also reports that the company faces stiff competition in the market, with key players such as Country Delight holding a 31% market share, Akshayakalpa at 20%, and Milky Kool, Sid’s Farm, and Native Milk each holding 13%. According to Tracxn data, Epigamia commands approximately 6% of the market share in its segment.
In 2019, Bollywood actress Deepika Padukone partnered with other prominent investors to support Drum Foods International Pvt. Ltd., the parent company of Epigamia. This investment was part of the company’s Series C funding round, which also attracted contributions from major players like Danone Manifesto Ventures and the Belgium-based consumer-focused investment firm Verlinvest.
However, the company’s net loss widened to ₹67 crore in the financial year 2022-23, up from ₹59.5 crore in the previous year. To date, the company has raised $81.2 million through 17 funding rounds, with the largest round securing $25.7 million.
About Epigamia
Epigamia, operated by its parent company Drum Foods International Pvt. Ltd., is a popular snack brand cherished by the youth. Known for its range of healthy snacks and delicious Greek yogurts, the company also offers milkshakes, almond drinks, smoothies, cheeses, flavoured yogurts, and other high-quality dairy products. Epigamia prides itself on crafting products that are plant-based, lactose-free, and free from preservatives, catering to health-conscious consumers with a commitment to quality.
