[Funding News] Country Delight Raises $8.45 Mn Debt Funding Round from  Alteria Capital

Country Delight, a dairy brand and daily essential brand has secured a loan of Rs 70 crore ($8.45 million) from Alteria Capital. This marks the second instance of the investor providing more funds to the Gurugram-based firm in 2024.

Country Delight's board has issued 7000 non-convertible debentures (NCDs) at an issue price of Rs 1,00,000 apiece, with the aim of raising Rs 70 crore ($8.45 million).

Country Delight secured Rs 76 crore ($9 million) in May with a combination of financing and equity from Alteria Capital. Before that, it secured $20 million in a Series E funding round in January of this year. The company's valuation reached approximately $820 million during the equity round.

Read also - ShareChat Secures $16 Mn Debt Funding Round

Country Delight is a dairy and grocery firm that provides the delivery of milk, milk products, fruits, and vegetables through a subscription model. The platform directly interacts with farmers, eliminating the need for intermediaries. The service is currently available in Delhi (NCR), Mumbai, Bengaluru, Chennai, and other cities.

Country Delight generated operating income of Rs 650 crore ($78 million) in the first half of the previous fiscal year (FY24).

About Country Delight

Founded in 2015 by Chakradhar Gad and Nitin Kaushal, Country Delight is a dairy delivery company that offers customers fresh and organic milk and other grocery products directly from farms.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.