The new funding aims to support the company’s ambitious expansion plans, capacity building, and brand marketing efforts.
While the company did not reveal its valuation, Country Delight was now valued at around $750 million. During its last fundraise in May 2022, it was valued at around $615 million
SWC Global and Trifecta Capital along with existing investors, IIFL Asset Management, Elevation Capital, Orios Venture Partners and Matrix Partners also participated in this round
Chakradhar Gade, co-founder of Country Delight, says the company wants to continue to build a solid product line, a full-stack supply chain, and be a brand consumers would want to add to their cart and recommend to others.
It started with a tweet by Namanbir Singh who noticed that at the back of his milk packet from Country Delight were some details about the company. "Founded by IIM alumni" the highlight read.
Last week was abuzz with a lot of funding activity. From logistics to digital payments to edtech, many large sectors saw sizeable funding rounds. Moneycontrol looks at last week's funding rounds, armed with data from business intelligence platform Tracxn
The VC fund may lead a Rs 100-crore round in the fresh milk startup that delivers in Delhi-NCR, Mumbai, Pune and Bengaluru.