The kefir business disputes the dairy giant’s legal claims connected with the award of shares to CEO Julie Smolyansky.

Dairy major, Danone, is one of the key players in this space. As well as building infrastructure to help start-ups scale precision fermentation, the company is exploring the area in its own research.

Besides Danone, 10 per cent is owned by equity firm Abraaj and the rest is held by the Kenyatta family. The firm, which operates in 140 countries, has investments in Africa worth 1 billion Euros ...