Akshayakalpa Organic, an organic dairy startup, has announced a significant funding milestone. The company is set to raise Rs 175 crore in its Series D round, led by ABC Impact Fund, with several other investors participating.
The funding round includes the issuance of 36.81 lakh Series D compulsory convertible preference shares at an issue price of Rs 475 per share. ABC Impact is leading the investment, injecting Rs 101 crore, while Rainmatter, Asha Ventures, and Catamaran Ventures are also contributing substantial amounts. Existing investors like Waterfield Fund, Pratithi Growth Fund, and A91 Partners are expected to join the round.
The funding is estimated to value Akshayakalpa Organic at around Rs 1,600–1,700 crore post-money, reflecting investor confidence in the company’s growth potential. The capital will be used for the company’s working capital needs and expansion strategies, aligning with its vision to scale operations and reach a wider consumer base.
The round also includes a secondary component, where ABC Impact Asia facilitates exits for early investors, streamlining the company’s investor portfolio.
Akshayakalpa Organic, founded by GNS Reddy and Shashi Kumar, leverages technology to deliver organic milk and dairy products efficiently to a vast consumer base daily. The company’s tech-driven direct-to-consumer platform has enabled it to reach over 60,000 consumers across multiple cities, with products available in retail outlets and various online platforms.
This funding round marks a significant step for Akshayakalpa Organic as it prepares for further expansion and growth in the organic dairy market, showcasing the importance of technology in driving innovation and scalability in the sector.
Source: Entrackr : Latest Posts