Total amount raised
$219.3 Million
Latest funding date
10/1/2024
Location
Country Delight has successfully raised funding over 16 rounds, with notable investors including Temasek Holdings and Alteria Capital. The company has also made investments, such as in Fitelo during a Seed Round.
Keep reading to explore the intricacies of Country Delight's fundraising journey and the investors backing this innovative platform.
What Is Country Delight?
Country Delight is a dairytech startup that produces and distributes cow and buffalo milk directly to customers' doorsteps. The company operates in the food and beverage industry, focusing on fresh farm products.
Founded in Gurgaon, Haryana, India, Country Delight has an employee count ranging from 501 to 1000. The company emphasizes freshness, convenience, and supporting local farmers, boasting a significant customer base and extensive delivery network.
How Much Funding Has Country Delight Raised?
- Series C
- Amount Raised: USD 25,000,000
- Date: November 2020
- Lead Investors: Elevation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance market presence.
- Series C
- Amount Raised: USD 5,920,000
- Date: July 2021
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and operational needs.
- Series D
- Amount Raised: USD 65,000,000
- Date: March 2022
- Lead Investors: Venturi Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and increase market share.
- Series D
- Amount Raised: USD 43,000,000
- Date: May 2022
- Lead Investors: Temasek Holdings, Venturi Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support expansion and capacity building.
- Series E
- Amount Raised: INR 1,650,000,000
- Date: January 2024
- Lead Investors: Temasek Holdings
- Valuation at Round: USD 820,000,000
- Motivation Behind the Round: To facilitate a substantial secondary exit for an earlier investor.
- Series E
- Amount Raised: INR 760,000,000
- Date: May 2024
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and operational needs.
- Debt Financing
- Amount Raised: INR 700,000,000
- Date: August 2024
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational and expansion needs.
- Debt Financing
- Amount Raised: INR 2,000,000,000
- Date: October 2024
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster expansion, capacity building, and brand marketing initiatives.
- Series E
- Amount Raised: INR 2,125,000,000
- Date: March 2025
- Lead Investors: Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion in the dairytech sector.
Total Amount Raised: USD 200,000,000
Current Valuation: USD 820,000,000
Key Investors
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. It has a diverse portfolio spanning various industries.
- Investment Focus Areas: Financial services, telecommunications, media & technology, transportation & industrials, consumer & real estate.
- Notable Investments: Alibaba, Airbnb, Ant Financial.
- Alteria Capital
- Details: Alteria Capital is one of India's largest venture debt providers, managing a corpus of approximately Rs 4,400 crore across three funds. They have backed over 200 startups.
- Investment Focus Areas: Venture debt, growth-stage companies, expansion financing.
- Notable Investments: Rebel Foods, Spinny, Ola Electric.
- Venturi Partners
- Details: Venturi Partners is a growth-stage investment firm. They focus on scaling businesses in emerging markets.
- Investment Focus Areas: Growth-stage companies, emerging markets, consumer brands.
- Notable Investments: Specific notable investments are not detailed in the sources.
- Elevation Capital
- Details: Elevation Capital is a venture capital firm that invests in early-stage companies. They have a strong presence in the Indian startup ecosystem.
- Investment Focus Areas: Technology, consumer products, healthcare.
- Notable Investments: Specific notable investments are not detailed in the sources.
- Matrix Partners
- Details: Matrix Partners is a global venture capital firm that invests in early-stage companies across various sectors. They have a significant presence in the Indian market.
- Investment Focus Areas: Technology, consumer products, healthcare.
- Notable Investments: Quikr, Practo, Ola.
What's Next for Country Delight?
Country Delight stands on the brink of significant growth opportunities. With fresh funding, the company is poised to expand into new markets and enhance its supply chain capabilities. The increasing consumer demand for fresh, high-quality dairy and non-dairy products presents a vast market potential.
Future fundraising avenues, including an anticipated IPO, could provide the necessary capital to support this expansion. The company’s strategic use of venture debt and equity financing underscores its financial efficiency and readiness for public markets.
However, challenges such as maintaining product quality at scale and navigating intense competition from established brands remain. Effective management of logistics and supply chain complexities will be crucial as Country Delight continues its growth trajectory.
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