🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Dairy startup Doodhvale Farms raises $3 Mn in Series A round

EntrackrEntrackr · 1y ago
Dairy startup Doodhvale Farms raises $3 Mn in Series A round
Medial

Dairy startup Doodhvale Farms has raised $3 million in a Series A funding round co-led by Atomic Capital and Singularity Early Opportunities Fund. The round also saw participation from Bharat Founders Fund, Indigram Labs Foundation, and angel investors including Ramakant Sharma, Ankit Tandon, Livspace CEO Saurabh Jain, and Arjun Vaidya. The Delhi-based company had previously raised $1.12 million in 2020. The proceeds from the latest funding will be utilized to accelerate the company’s expansion, strengthen its distribution networks, diversify its product portfolio, and upgrade its technology infrastructure, Doodhvale said in a press release. Co-founded in 2019 by Aman J. Jain, Ishu Jain, Sanjay Jain, and Sudhir Jain, Doodhvale Farms is a fully vertically integrated, technology-driven Direct-to-Consumer (D2C) dairy and daily essentials company. It produces and delivers premium, farm-fresh products directly to consumers’ doorsteps, aiming to provide the nutrient-rich, farm-fresh experience milk was always meant to offer. The company ensures delivery within 36 hours. The company claims to have maintained a strong growth trajectory, achieving 100% year-over-year growth, consistent profitability on an EBITDA basis for three consecutive years. Doodhvale Farms aims to compete with traditional brands like Mother Dairy and Amul, as well as new-age brands like Country Delight, Akshayakalpa, Sid’s Farm, and Milky Mist.

Country Delight raises Rs 200 Cr in debt from Alteria

EntrackrEntrackr · 1y ago
Country Delight raises Rs 200 Cr in debt from Alteria
Medial

Gurugram-based dairy brand and daily essential brand Country Delight has raised Rs 200 crore in venture debt from Alteria Capital. The D2C firm received Rs 140 crore in debt across two tranches in May and August. Entrackr exclusively reported the development. It also scooped up $20 million in an equity round early this year. The debt funds will be used to support the company’s expansion, increase capacity, and drive brand marketing efforts, the company stated in a press release. “As we scale our operations and prepare for our IPO journey, it is important for us to use various capital sources to improve financial efficiency and also set us up for the next phase of growth,” said Chakradhar Gade, co-founder and CEO of Country Delight. Launched by Gade and Nitin Kaushal, Country Delight provides a range of dairy products, bakery goods, poultry, and farm produce to its customers. The company sources its products directly from dairy farms and caters to 1.5 million customers in 15 cities including Delhi (NCR), Mumbai, Bengaluru, Jaipur, Chennai, and Pune. As per startup data intelligence platform TheKredible, Country Delight is close to becoming a unicorn as it was valued at around $820 million in the last equity round. It has raised around $200 million to date. For the fiscal year FY24, Country Delight posted a revenue of Rs 1,380 crore, according to a report by The ARC. In FY23, its revenue was estimated at around Rs 900 crore against Rs 542.6 crore in FY22. The firm has yet to report FY23 and FY24 numbers officially. Recently, Stellapps secured $26 million in a Series C funding round. The company also faces competition from Akshayakalpa, Sid’s Farm, Milky Mist, and, to a lesser extent, Otipy.

Exclusive: Alteria infuses Rs 70 Cr debt in Country Delight

EntrackrEntrackr · 1y ago
Exclusive: Alteria infuses Rs 70 Cr debt in Country Delight
Medial

Dairy brand and daily essential brand Country Delight has raised Rs 70 crore ($8.45 million) in debt from Alteria Capital. This is the second debt infusion from the investor in the Gurugram-based firm in 2024. The board at Country Delight has issued 7000 non-convertible debentures (NCDs) at an issue Price Rs 1,00,000 each to raise Rs 70 crore ($8.45 million), its regulatory filing accessed from the Registrar of Companies (RoC) shows. In May, Country Delight raised Rs 76 crore ($9 million) through debt and equity from Alteria Capital. Prior to that, it scooped up $20 million as a part of Series E round in January this year. The company was valued at around $820 million during the equity round. The Chakradhar Gade-led company also saw a secondary transaction in February when Orios Venture Partners made a partial exit by selling 3% stake to Temasek for around Rs 225 crore ($27 million). It was one of the multi-bagger exits for the early-stage VC firm, which also made substantial returns on its investments in BatterySmart. Country Delight is a dairy and grocery startup that offers the delivery of milk, milk products, fruits and vegetables on a subscription basis. The platform engages directly with the farmers without middlemen. It’s operational in Delhi (NCR), Mumbai, Bengaluru, and Chennai, among others. Country Delight’s operating revenue reportedly stood at Rs 650 crore ($78 million) in the first half of the last financial year (FY24). The company is likely to post a significant jump in FY24 from the estimated revenue of Rs 900 crore ($108 million) in FY23. The firm is yet to report FY23 and FY24 numbers officially. Check startup data intelligence platform TheKredible for country Delight’s latest shareholding and funding round breakups. It competes with Akshayakalpa, Milk Mantra, Sid’s Farm and Otipy, among others. While Akshayakalpa already raised $12 million as a part of a larger round in January, Sid’s Farm raised $10 million in Series A in June. Otipy is closing a $10 million round from new and existing investors. Entrackr exclusively reported the development last month.

Happy Nature, a D2C consumer tech milk, dairy & breakfast essential brand,  raises $300,000 in a Pre-Series A Round led by Inflection Point Ventures

Startup News FYIStartup News FYI · 2y ago
Happy Nature, a D2C consumer tech milk, dairy & breakfast essential brand,  raises $300,000 in a Pre-Series A Round led by Inflection Point Ventures
Medial

Happy Nature, a direct-to-customer (D2C) brand that offers farm-fresh milk, dairy, and breakfast essential products, has secured $300,000 in a pre-Series A funding round led by Inflection Point Ventures (IPV). The funding will be utilized to expand sales, marketing, branding efforts, accelerate growth, enhance customer engagement initiatives, and strengthen Happy Nature's position in India's dairy industry. The company aims to provide clean label, preservative-free products while supporting small farmers and meeting consumer demands. Happy Nature currently operates in 12 cities, serving over 15,000 daily orders.

Ace International raises $35 Mn led by FMO

EntrackrEntrackr · 11d ago
Ace International raises $35 Mn led by FMO
Medial

Dairy tech company Ace International has raised $35 million in a funding round led by Dutch development bank FMO, with participation from ResponsAbility, Incofin, and Fiedlin Ventures. The proceeds will be used to set up a second manufacturing unit in Andhra Pradesh and strengthen its supply chain. Its current facility in Uttar Pradesh processes about 500,000 litres of milk per day. The upcoming facility will introduce new dairy nutrition processing technology to the Asian market and is expected to support the production of specialised nutrition ingredients for global food and nutrition companies. Located within a major agri-producing region and supported by existing logistics infrastructure, the Kuppam complex will engage more than 40,000 farmers, including a substantial number of women, through sourcing partnerships that are intended to strengthen rural livelihoods, the company said. Ace International manufactures and exports dairy products and ingredients. The company processes raw milk into infant-nutrition inputs, adult-nutrition inputs, ready-to-mix products, whey proteins, milk powder, ghee and butter fat, and protein-based formulations. It supplies both B2B and B2C customers. The brand exports dairy ingredients to Bangladesh and the Philippines. It plans to expand its export network to Southeast Asia, the Middle East, Africa, and the United States.

Dairy-tech startup ORIGHT raises $1 Mn in seed funding

EntrackrEntrackr · 1y ago
Dairy-tech startup ORIGHT raises $1 Mn in seed funding
Medial

Dairy-tech startup ORIGHT has raised $1 million in a seed funding round led by Aeravti Ventures. The Gurugram-based company had previously raised $847K from Loyal and others. The fresh funds will be deployed towards scaling its platform, expanding product offerings and further empowering the farmers, processors, and distributors it serves, ORIGHT said in a press release. Co-founded in 2019 by Utkarsh Kapoor and Rame Kachroo, ORIGHT provides an IoT device for milk traceability solution. Its IoT devices track various factors like the quality of the milk from temperature, humidity, water, FAT, SNF, and adulterants. It also tracks the milk till its final destination, covering the time spent in chillers, transport vans, and the environment at the time of final packing. Its IoT devices send the collected information directly to a blockchain network. The data is sent to the consumers’ phones every day. ORIGHT aims to build a highly efficient, synchronized supply chain for the dairy industry using cutting-edge technology. From farm to consumer, it ensures transparency, quality, and sustainability at every stage of the value chain.

Download the medial app to read full posts, comements and news.