Mumbai, August 28, 2025 – BanyanTree, a leading mid-market private equity firm, announced today that it has invested in Binsar Farms, a fast-growing and profitable D2C dairy brand.

BanyanTree’s investment will help Binsar Farms expand its operations and develop sourcing infrastructure. The partnership reflects BanyanTree’s continued focus on backing companies with strong fundamentals and long-term growth and impact potential.

"I am delighted to welcome Banyan Tree Growth Capital Fund as a new shareholder in Binsar Farms. I have always been excited about dairy in India, and Binsar has certainly earned the right to grow. I am proud of what the team has achieved so far, taking Binsar from an idea to a sustainably profitable business in a tough industry. BanyanTree values our vision around quality food, and is ready to grow with us. I am now more excited than ever as we take Binsar to the next level." - Earl Rattray (Co-founder of Binsar Farms)

About Binsar Farms:

Binsar Farms sources ~15,000 LPD (litres per day) through its own farm and partners with a network of micro-farmers, ensuring full control over quality and traceability. The company’s vertically integrated model enables it to deliver preservative-free milk and value-added products to customers within hours of milking.

Binsar Farms’ milk undergoes regular testing for key quality and safety parameters such as aflatoxin levels, somatic cell count, and other critical metrics, ensuring it meets the highest standards for purity and freshness.

The founding team, Sukhvinder Saraf and Deepak Raj Tushir along with Earl Rattray (a dairy veteran and former co-founder of New Zealand’s largest dairy company), brings a technology-driven solution to tackle long-standing issues around quality, safety, and supply chain in India’s dairy sector.