Milk Mantra, an Odisha, India-based consumer dairy foods company, has raised Rs. 80 crores ($13.3 million) in Series C funding led by Fidelity Growth Partners India. Founded in 2009, the company produces a range of dairy products like milk, probiotic dahi, paneer, lassi and buttermilk under the Milky Moo brand. The funding will help Milk Mantra expand its operations across Eastern India and launch its long planned functional milkshake across key national markets. Milk Mantra has a structured ethical milk sourcing program through which it collects high quality milk from a network of more than 20,000 farmers covering more than 500 villages. The new capital has also provided Aavishkaar India Micro Venture Capital Fund, as well as other early Milk Mantra investors, an exit.