D2C food essentials startup Country Delight has raised ₹200 crore (approximately $25 million) in venture debt from Alteria Capital.
The funding will be used to expand operations, increase production capacity, and enhance brand marketing efforts.
In FY24, Country Delight reported revenues of ₹1,380 crore, marking a 46% increase from the previous year. This growth was driven by a rise in subscribers and strong sales of products beyond dairy, including fruits, vegetables, eggs, and pulses.
About Country Delight:
Founded in 2015 by Chakradhar Gade and Nitin Kaushal, Bengaluru-based Country Delight delivers fresh dairy products like milk, curd, ghee, paneer, bread, and eggs to over 1.5 million users across 15 cities through a subscription model.
The company has raised $200 million across 18 funding rounds, achieving a valuation of over $800 million, with support from investors such as Matrix Partners and Temasek.
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Co-founder Chakradhar Gade emphasized the company’s commitment to providing fresh, unadulterated essentials conveniently to Indian customers.
Country Delight’s growth is attributed to its focus on high-quality produce, customer engagement, and a strong distribution network ensuring prompt home delivery. With this new capital, the company plans further expansion across India and improvements in its supply chain.
