The beloved dairy service from Gurugram, Country Delight, is back in the news following a successful Series E funding round that brought in an impressive $20 million. Temasek is the primary investor in this round, having contributed a significant Rs 78.16 crore.
Country Delight :
Known for its extensive selection of dairy, bakery, poultry, and agricultural products, Country Delight was founded by Chakradhar Gade and Nitin Kaushal. Working in over fifteen cities, including Delhi (NCR), Bengaluru, Mumbai, Jaipur, Chennai, and Pune, the company purchases its products straight from dairy farms.
Present Condition:
In FY22, revenue increased by an impressive 69.2% to Rs 543 crore; however, it is noteworthy that the company's losses more than quadrupled to Rs 186 crore in the same period. Successful Series E funding paves the way for further growth, with additional capital raising likely in the works, pending FY23 figures.
_1704538873.jpg)
Founders; Chakradhar Gade and Nitin Kaushal. PC: Forbes India
In summary:
The recent funding announcement for Country Delight shows its flexibility and growth potential. The company's progress in this rapid market will be observed as it strategically divides the recently acquired capital.
ⒸCopyright 2023. All Rights Reserved Powered by Vygr Media.
