The organic dairy firm Akshayakalpa Organic, led by A91 Partners, has secured Rs 100 crore (about $12 million) in its Series C fundraising round.
According to regulatory filings from the Registrar of Companies (RoC), the board of Akshayakalpa Organic approved the issuing of 41,35,010 Series C Compulsorily Convertible Preference Shares (CCPS) in the Series C round, raising Rs 100 crore ($12 million) at an issue price of Rs 241.84 per share, as reported by thenumbernews.com.
A91 Partners led the investment round with a Rs 64.8 crore contribution. With contributions of Rs 18.6 crore and Rs 16.6 crore, respectively, former investors Rainmatter Capital and British International Investment also took part.
Akshayakalpa has crafted a world-class model that not only creates a new industry benchmark in dairy farming practices but also nurtures farmers in line with its mission to create a holistic ecosystem-led transformation by empowering the farmer journey in clean and organic farming.
About Akshayakalpa Organic
The first certified organic dairy company in India, Akshayakalpa Organic was established in 2010 and provides milk and milk products free of antibiotics, artificial additives, and chemical pesticide residue. utilising the brightest minds and cutting-edge technologies to develop best practices for dairy production in India and around the world.
This is the pioneering organisation in India to test milk for antibiotics at the dairy plant and on farms. has more than 60,000 customers at the moment in Hyderabad, Chennai, and Bengaluru, and this number is rising.