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Doodhvale Farms is a dairy business, has secured $3 million, or around INR 25.33 crore, in an undisclosed fundraising round headed by Singularity Early Opportunities Fund and Atomic Capital.
Along with angel investors like Livspace cofounder Ramakant Sharma, OYO CBO Ankit Tandon, Livspace CEO Saurabh Jain, and V3 Ventures cofounder Arjun Vaidya, the Indigram Labs Foundation also participated in the round.
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The firm intends to expand, improve IT infrastructure, broaden its product line, and fortify distribution networks with the new funding.
The company started with two Holstein Friesian cows on a single farm near Delhi’s Rohini area. It now operates from a 2.5-acre automated processing farm in Sonipat, Haryana, housing 50 Holstein Friesian cows.
It claims to have achieved 100% year-over-year growth and maintained profitability on an EBITDA basis for three consecutive years. Its product portfolio includes Gaon Jaisa Safed Makkhan, Pure Milk Khoya and Desi Treats.
Aman J Jain said,“With this funding, we are poised to expand our reach and enhance our commitment to delivering pure, farm-fresh dairy products to Indian households,”
Delhi, Gurugram, Sonipat, Noida, Greater Noida, Faridabad, Ghaziabad, Chandigarh, Panchkula, Mohali, Kharar, and Zirakpur are among the cities where the firm presently serves more than 10,000 clients.
Doodhvale Farms has competition from Akshayakalpa, Sid's Farm, and Country Delight in the D2C dairy market.
In June 2024, the family office of Narotam Sekhsaria and Omnivore donated $10 million to Telangana-based Sid's Farm. In the meanwhile, British International Investment, the Rainmatter Foundation, and Venture Dairy contributed $15 million to Akshayakalpa in September 2022.
About Doodhvale Farms
Doodhvale Farms, which was established in 2019 by Aman J. Jain, Ishu Jain, Sanjay Jain, and Sudhir Jain, provides milk and dairy products around the National Capital Region.
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