Country Delight To Raise $25 Mn Funding From Temasek

Country Delight, a dairy and daily essentials brand is raising about $25 Mn (around 212.50 Cr) in its Series E funding round  led by Temasek.

Regulatory filings from the Registrar of Companies (RoC) show that Country Delight’s board has approved the allocation of 1,00,974 Series E preference shares to Temasek (via V-Sciences Investments Pte Ltd) at Rs 21,045 per share, raising Rs 212.5 crore ($25 million).

The funds will be used for working capital and a new project.

This is the startup’s second funding round in six months. In October 2024, it raised Rs 200 crore in debt from Alteria Capital.

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About Country Delight

Founded in 2015 by Chakradhar Gade and Nitin Kaushal, Country Delight delivers fresh dairy products, bakery items, poultry and farm produce directly from farms. 

It serves 1.5 million customers in 25+ cities, including Delhi NCR, Bengaluru and Chandigarh.

Before this investment, the company had raised $220 million through debt and equity. With the new funding, Temasek now owns a 13.63% stake, making it the largest external shareholder.

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