Country Delight, a rapidly expanding dairy brand in India, likely to raise Rs 76 crore ($9 million) through a mix of debt and equity funding from Alteria Capital, according to media reports. This marks the company’s second funding round in 2024.
The board approved a special resolution to issue 70,000 debentures at Rs 1,00,000 each and 3,160 Series E1 Compulsorily Convertible Preference Shares (CCPS) at Rs 21,045 each, totaling Rs 76.65 crore.
In January, Country Delight raised USD 20 million in a Series E round from investors including Temasek, Seviora Capital, and Venturi Partners, bringing its valuation close to USD 820 million. The company is on the verge of achieving unicorn status.
Founded by Chakradhar Gade and Nitin Kaushal, Country Delight offers a wide range of dairy and bakery products, emphasizing direct sourcing from farms to ensure quality and freshness. It operates in 15 major cities, including Delhi (NCR), Mumbai, Bengaluru, Jaipur, Chennai, and Pune.
