Fresh food firm Country Delight, which sells its products directly to consumers (D2C), secured about $20 million (about Rs 164 crore) in a capital round headed by Temasek, the sovereign fund of Singapore.
Apart from Temasek-owned asset management company Seviora, another current investor in the round was Venturi Partners, as reported by The Economic Times.
The Gurugram-based company is valued at approximately $820 million based on its most recent round, as per regulatory filings with the Registrar of Companies (RoC). Temasek has contributed approximately $9.3 million to this round, according to RoC filings; Seviora T3F has contributed approximately $7 million, and Venturi Partners has contributed $3.4 million.
Country Delight is a bunch of Engineers and IIM Graduates who aim to bring back the basics of Milk.
The use of technology by Country Delight allows the company to obtain a superior product from the farmer and to provide the customer with an experience that is free of hassle.
About Country Delight
Chakradhar Gade and Nitin Kaushal, two IIM Indore alums, created Country Delight in 2013 to provide raw milk straight from farmers to customers’ doorsteps.