As reported by Mint, Gurugram-based dairy-tech startup Country Delight is raising ₹212.49 crore (approximately $25 million) in equity funding from V-Sciences Investments, an investment arm backed by global investment firm Temasek.
Strategic Investment to Meet Working Capital Needs
The board of Country Delight has approved a special resolution to issue over 1 lakh Series E Compulsorily Convertible Preference Shares (CCPS). Each share is priced at ₹21,045, combining a face value of ₹20 with a premium of ₹21,025, according to filings with the Registrar of Companies (RoC).
The company stated that the fresh capital will be used to address working capital requirements and other business needs as it continues its expansion.
Valuation and Funding History
According to The Mint, the current equity round pegs Country Delight’s post-money valuation at approximately $820 million. This marks the company’s first equity infusion in 2025.
In November 2024, Country Delight raised ₹200 crore in debt funding from Alteria Capital, and earlier in January 2024, it secured $20 million in equity funding from Temasek and Venturi Partners—both rounds supporting the company’s strategic growth roadmap.
Rapid Expansion and Business Model
Founded in 2015 by IIM Indore alumni Chakradhar Gade and Nitin Kaushal, Country Delight operates a vertically integrated e-commerce platform offering fresh milk, fruits, vegetables, and daily essentials.
The brand runs on a subscription-based delivery model, reaching around 1.5 million users across 15 cities, including Tier II towns like Vijayawada, Warangal, and Guntur.
Outlook: Strengthening Operations and Market Reach
With this latest capital infusion, Country Delight is expected to double down on supply chain efficiency, product quality, and expansion into newer markets. The brand’s focus on direct-to-consumer (D2C) logistics and hyper-local delivery continues to set it apart in India’s competitive dairy and grocery sector.
As investors double down on agri-tech and consumer delivery models, Country Delight’s recent funding round reflects growing confidence in India’s fresh produce logistics and nutrition-focused startups.