Organic dairy startup Akshayakalpa Organic raises $15 million in funding
It supplies organic milk and milk products to 60,000+ consumers daily in Bengaluru, Hyderabad, and Chennai through its direct delivery platform.
Organic dairy startup Akshayakalpa Organic on Thursday said it has raised USD 15 million (about Rs 120 crore) from investors for growth.
British International Investment, the UK's development finance institution, Rainmatter Foundation, and its existing investor Venture Dairy have joined the Series B funding round, the company said in a statement.
Before this, Akshayakalpa Organic raised funding from Lok Capital and Venture Dairy in July 2019.
Founded by GNS Reddy and Shashi Kumar, Akshayakalpa Organic is one of the leading organic milk producers in the country.
Akshayakalpa plans to aggressively invest in Bengaluru, Chennai, and Hyderabad markets.
It is also planning to expand into new geographies of Pune, Mumbai and Kochi and take its dairy products pan India.
It currently works with over 750 farmer families. It supplies organic milk and milk products to 60,000+ consumers daily in Bengaluru, Hyderabad, and Chennai through its direct delivery platform. Its products are available across 2,000 retail outlets and all the major e-commerce/quick commerce platforms.
"Over the last few years, consumers have become more conscious about living healthier lifestyles. With support from British International Investment, Rainmatter, and Venture Dairy, we hope to continue retaining the uncompromised quality of our products.
"We will continue to serve more customers while deepening our efforts to create sustainable farming systems and restore dignity to rural India," said Shashi, co-founder and CEO at Akshayakalpa Organic.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
08:44 AM IST