App-based Dairy startup 'Doodhvale Farms' lifts $3 million in a Series A
Doodhvale Farms, a dairy startup, has raised $3 million in a Series A fundraising round led by Singularity Early Opportunities Fund and Atomic Capital. Bharat Founders Fund, Indigram Labs Foundation, and angel investors Ramakant Sharma, Ankit Tandon, Livspace CEO Saurabh Jain, and Arjun Vaidya also participated in the round.
In 2020, the Delhi-based business raised $1.12 million.
According to a press statement from Doodhvale, the firm plans to use the money from the most recent fundraising round to improve its technological infrastructure, broaden its product line, fortify its distribution networks, and speed up its growth.
Aman J. Jain, Ishu Jain, Sanjay Jain, and Sudhir Jain co-founded Doodhvale Farms in 2019 as a technology-driven, completely vertically integrated Direct-to-Consumer (D2C) dairy and daily necessities business. With the goal of giving customers the nutrient-rich, farm-fresh experience that milk was always intended to provide, it manufactures and ships premium, farm-fresh products straight to their doorsteps. Delivery within 36 hours is guaranteed by the company.
The business asserts that it has sustained a robust growth trajectory, with 100% annual growth and steady profitability on an EBITDA basis for three years in a row.
In addition to more modern brands like Country Delight, Akshayakalpa, Sid's Farm, and Milky Mist, Doodhvale Farms hopes to compete with established ones like Mother Dairy and Amul.
Commenting on the significant funding, Apoorv says, “We are thrilled to partner with Doodhvale Farms on their ambitious journey to bring world-class quality milk and allied products to India. As one of India's first vertically integrated online subscription platforms for these products, Doodhvale Farms has demonstrated exceptional capital efficiency.”
Suyash Kela from Singularity Early Opportunities Fund adds, “Premiumization of large consumption categories like F&B is a theme we are very bullish about. Doodhvale Farms, with its premium, unadulterated milk and allied products offering, strong hold on the supply chain, and founders with their feet and ear to the ground, really appealed to us.”
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In 2020, the Delhi-based business raised $1.12 million.
According to a press statement from Doodhvale, the firm plans to use the money from the most recent fundraising round to improve its technological infrastructure, broaden its product line, fortify its distribution networks, and speed up its growth.
Aman J. Jain, Ishu Jain, Sanjay Jain, and Sudhir Jain co-founded Doodhvale Farms in 2019 as a technology-driven, completely vertically integrated Direct-to-Consumer (D2C) dairy and daily necessities business. With the goal of giving customers the nutrient-rich, farm-fresh experience that milk was always intended to provide, it manufactures and ships premium, farm-fresh products straight to their doorsteps. Delivery within 36 hours is guaranteed by the company.
The business asserts that it has sustained a robust growth trajectory, with 100% annual growth and steady profitability on an EBITDA basis for three years in a row.
In addition to more modern brands like Country Delight, Akshayakalpa, Sid's Farm, and Milky Mist, Doodhvale Farms hopes to compete with established ones like Mother Dairy and Amul.
Commenting on the significant funding, Apoorv says, “We are thrilled to partner with Doodhvale Farms on their ambitious journey to bring world-class quality milk and allied products to India. As one of India's first vertically integrated online subscription platforms for these products, Doodhvale Farms has demonstrated exceptional capital efficiency.”
Suyash Kela from Singularity Early Opportunities Fund adds, “Premiumization of large consumption categories like F&B is a theme we are very bullish about. Doodhvale Farms, with its premium, unadulterated milk and allied products offering, strong hold on the supply chain, and founders with their feet and ear to the ground, really appealed to us.”
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