Dairy-tech startup Country Delight is set to raise $25 million (₹212.5 crore) in a Series E funding round from V-Sciences Investments Pte Ltd, a subsidiary of Temasek. As per regulatory filings with the Ministry of Corporate Affairs (MCA), the company’s board has approved issuing over 1 lakh Series E compulsorily convertible preference shares (CCPS) at ₹21,045 per share. The funds will be utilized for working capital and an undisclosed project.
This marks the startup’s second significant capital infusion within six months, following a ₹200 crore debt round from Alteria Capital in October 2024. At the time, co-founder Chakradhar Gade emphasized the need for diversified funding sources to enhance financial efficiency and accelerate IPO plans.
Since its last fundraising, Country Delight has expanded into new markets and broadened its product range beyond dairy to include groceries, fruits, vegetables, and daily essentials. Additionally, the company has been testing a quick commerce model with 10-15 minute deliveries in select Delhi-NCR locations.
With total funding surpassing $250 million and a valuation of $820 million, Country Delight is solidifying its position in the competitive D2C grocery segment, competing with BigBasket, Milkbasket, and Milk Mantra.
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