- Companies
- International Dairy Products
International Dairy Products Valuation, Funding & Investors
International Dairy Products is valued at $667M as of April 2023.
Last International Dairy Products valuation
$667M
Undisclosed stage · Apr 2023
Last International Dairy Products funding round
$100M
Undisclosed stage · Apr 2023
Cumulative funding International Dairy Products raised
$100M
across 1 funding round
Key investors in International Dairy Products
Growtheum Capital Partners
Blue Point
About International Dairy Products
International Dairy Products is a processor and distributor of dairy goods in Vietnam. The company manufactures UHT milk, yogurt, cheese, and butter under its IDP brand, sourcing from local farms for fresh and ambient-stable products. Based in Ho Chi Minh City, International Dairy Products supplies supermarkets, hotels, and export markets across Southeast Asia with pasteurized and powdered dairy lines meeting HACCP and ISO standards.
Founded
2004
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$667M (Apr 2023)
Sectors
International Dairy Products Valuation
International Dairy Products is currently valued at $667M, based on its undisclosed-stage round in April 2023.
The $100M round was led by Growtheum Capital Partners.
International Dairy Products' valuation has grown 5.4x from $123M at its secondary sale in August 2020 to $667M in April 2023, across 2 priced rounds.
International Dairy Products valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2023 | Undisclosed stage | $667M |
| Aug 2020 | Secondary | $123M |
International Dairy Products Funding History
International Dairy Products has raised a total of $100M across 1 funding round, plus 1 secondary share sale.
International Dairy Products funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2023 | Undisclosed stage | Growtheum Capital Partners (lead) | $100M | $667M | International Dairy Products (IDP) is a prominent Vietnamese dairy manufacturer producing fresh, condensed, powdered, and related dairy products under brands including Ba Vi, Kun, and LIF. The company operates two manufacturing facilities in Hanoi and one in Ho Chi Minh City, offering products such as white milk, chocolate milk, fruit milk, drinking yogurt, and malt drinks. On April 13, 2023, Singapore-based private equity firm Growtheum Capital Partners agreed to invest approximately $100 million for a 15% equity stake in IDP. The investment was designed to support IDP's rapid business expansion throughout Vietnam and across Southeast Asia, leveraging Growtheum's industry knowledge and regional reputation alongside management expertise to strengthen IDP's market position. Legal advisors LNT & Partners supported the transaction, and the deal was announced as particularly significant given Vietnam's post-pandemic economic recovery and the growing capital needs of expanding companies. At the time of the investment, IDP reported sales of VND 6.1 trillion (approximately $259.49 million) for the fiscal year 2022, positioning it among Vietnam's fastest-growing consumer companies. The company operates in a competitive Vietnamese dairy market dominated by Vinamilk but also includes regional competitors such as TH True Milk, Frieslandcampina Vietnam, and Nestlé Vietnam. CEO Dang Pham Minh Loan emphasized IDP's commitment to product quality, nutritional value, and innovation using advanced technology combined with natural ingredients. Growtheum Capital Partners, founded in late 2021 by Amit Kunal and Choo Koon Po (both former GIC investors), had raised $567 million for its Southeast Asia and India-focused fund with backing from the Asian Development Bank, World Bank's International Finance Corporation, and Singapore's Temasek Holdings. The firm targets transactions ranging from $50 million to $300 million across traditional sectors enhanced with technology integration and expansion in healthcare and consumer goods. |
| Aug 2020 | Secondary | Blue Point (lead) | $45M | $123M | International Dairy Products (IDP) is a Vietnam-based dairy producer specializing in products like juice milk, malt drinks, and yogurt drinks, ranking among the top domestic milk manufacturers. Blue Point, a Vietnamese financial and strategic investor in consumer goods and dairy, acquired a 37% stake in IDP from VinaCapital Vietnam Opportunity Fund and co-investor Daiwa PI Partners. The transaction, completed around August 2020, involved net proceeds of $45.4 million for the stake at a premium to prior exit values. VinaCapital, which held IDP as its largest private equity investment as of June 30, 2020, accelerated the divestment to Blue Point, citing synergies with Blue Point's FMCG portfolio. Andy Ho, VinaCapital's Chief Investment Officer, noted IDP's position as one of Vietnam's leading dairy producers poised for growth. This partial acquisition positioned Blue Point as a key shareholder, with later records showing significant holdings by 2022. IDP became a public company on June 30, 2020, and listed on Vietnam's UPCoM market in January 2021 with 61.8 million shares at 50,000 VND initial price. The company operates factories in Ba Vi, Cu Chi, and Binh Duong, supported by 131 exclusive distributors reaching 120,000 traditional stores and 6,000 modern trade outlets. |
Who has invested in International Dairy Products?
2 investors have backed International Dairy Products across its funding rounds, including Growtheum Capital Partners and Blue Point.
Lead investors include Growtheum Capital Partners and Blue Point.
International Dairy Products Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInternational Dairy Products Competitors
International Dairy Products competitors include listed companies like Dodla Dairy, Ülker and Once Upon a Farm, and private ones like REBELS 0.0%, Blank Street and Meati.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $430M | $36M | $660M | 1.3x | ||
| Private | - | - | $658M | - | ||
| Publicly listed | $2.3B | $214M | $680M | 0.6x | ||
| Private | $150M | - | $650M | 4.3x | ||
| Private | - | - | $650M | - | ||
| Publicly listed | $241M | ($14M) | $694M | 2.0x |
International Dairy Products Public Comps
International Dairy Products is still privately-owned, but its public comps include Dodla Dairy, Ülker, Once Upon a Farm, Kasapreko, Rogers Sugar, SunRice, Mama's Creations, Suedwestdeutsche, ForFarmers and Cem Zeytin.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $430M | $36M | 1.4x | 1.3x | 17.0x | 17.5x | |||
| $2.3B | $214M | 0.7x | 0.6x | 7.5x | 4.0x | |||
| $241M | ($14M) | 2.5x | 2.0x | (44.5x) | 177.1x | |||
| $381M | - | 1.9x | - | - | - | |||
| $941M | $99M | 1.0x | 1.1x | 9.5x | 8.2x | |||
| $1.3B | $101M | 0.6x | 0.6x | 7.4x | 8.0x | |||
| $172M | $12M | 2.9x | 2.4x | 41.0x | 24.3x | |||
| $396M | $74M | 1.8x | - | 9.5x | - | |||
This data is available for Pro users. Sign up to see all International Dairy Products competitors and their valuation data. Start Free Trial | ||||||||
Common questions about International Dairy Products
| When was International Dairy Products founded? | International Dairy Products was founded in 2004. |
| Where is International Dairy Products headquartered? | International Dairy Products is headquartered in Hanoi, Vietnam. |
| Is International Dairy Products publicly listed? | No, International Dairy Products is a private, VC-backed company. |
| What is International Dairy Products' valuation? | International Dairy Products was last valued at $667M in its undisclosed-stage round in April 2023. |
| How much funding has International Dairy Products raised? | International Dairy Products has raised $100M across 1 funding round. |
| What was International Dairy Products' last funding round? | International Dairy Products' last funding round was a $100M undisclosed-stage round in April 2023, led by Growtheum Capital Partners. |
| Who are International Dairy Products' investors? | International Dairy Products' investors include Growtheum Capital Partners and Blue Point. |
| Which companies are comparable to International Dairy Products? | Companies comparable to International Dairy Products include Dodla Dairy, REBELS 0.0%, Ülker, Blank Street, Meati and Once Upon a Farm. |
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