Get All Access for $5/mo

Country Delight Raises $20 Mn From Temasek, Others The startup specializes in offering a range of dairy products, bakery goods, poultry, and farm produce

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Gurugram-based dairy brand Country Delight has raised $20 million (Rs 164.4 crore) in a Series E funding round from a mix of new and existing investors, say media reports. The round was led by Temasek with Rs 78.16 crore. New investor Seviora Capital contributed Rs 57.77 crore, and existing investor Venturi Partners joined in with Rs 28.55 crore.

According to media reports, the dairytech startup's board passed a special resolution to issue 78,157 Series E CCPS at an issue price of Rs 21,045 each.

Notably, this is the fourth company to file an IPO in the last fortnight, after Ola Electric, Firstcry and Mobikwik.

Founded by Chakradhar Gade and Nitin Kaushal, Country Delight specializes in offering a range of dairy products, bakery goods, poultry, and farm produce. The company currently serves customers in 15 cities, including Delhi (NCR), Mumbai, Bengaluru, Jaipur, Chennai, and Pune.

The company competes with legacy companies and startups in the space such as Mother Dairy, Amul, Nandini, Milk Basket and Milk Mantra.

According to Entrackr, as of now, the startup has raised $300 million across rounds including its Series D round of $108 million led by Nicholas Cator-backed Venturi Partners and Temasek. While Country Delight is yet to report FY23 numbers officially, its revenue from operations grew 69.2% to Rs 543 crore in FY22. The 13-year-old company's losses during the period (FY22) shot up over sixfold to Rs 186 crore as compared to Rs 28 crore in FY21, it said.

Entrepreneur Staff

Entrepreneur Staff


For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
News and Trends

Indigrid Technology and Hour4u Raise Early-Stage Funding

Here are the Indian startups that announced early-stage funding rounds.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.

Starting a Business

I Left the Corporate World to Start a Chicken Coop Business — Here Are 3 Valuable Lessons I Learned Along the Way

Board meetings were traded for barnyards as a thriving new venture hatched.

Business News

Joey Chestnut Is Going From Nathan's to Netflix for a Competition 15 Years in the Making

Chestnut was banned from this year's Nathan's Hot Dog Eating Contest due to a "rival" contract. Now, he'll compete in a Netflix special instead.

Health & Wellness

Get a Year of Unlimited Yoga Class Downloads for Only $23 Through June 17

Regular exercise has been proven to increase energy and focus, both of which are valuable to entrepreneurs and well-known benefits of yoga.

Business Culture

Why Remote Work Policies Are Good For the Environment

Remote work policies are crucial for ESG guidelines. Embracing remote work can positively impact your business and employees.