Doodhvale Farms, a dairy startup, has raised $3 million in a Series A funding round led by Singularity Early Opportunities Fund and Atomic Capital. Bharat Founders Fund, Indigram Labs Foundation, and angel investors Ramakant Sharma, Ankit Tandon, Livspace CEO Saurabh Jain, and Arjun Vaidya also participated in the round.
In 2020, the Delhi-based business raised $1.12 million.
According to a press release from Doodhvale, the company plans to use the money from the most recent funding round to improve its technological infrastructure, diversify its product line, fortify its distribution networks, and speed up its growth.
Ishu, Sanjay, Sudhir, and Aman J. Jain co-founded Doodhvale Farms, a technology-driven, fully vertically integrated Direct-to-Consumer (D2C) dairy and daily essentials business, in 2019. It strives to provide the nutrient-rich, farm-fresh experience that milk was always intended to provide by producing and delivering premium, farm-fresh products straight to consumers’ doorsteps. The business guarantees delivery in 36 hours.
With 100% year-over-year growth and steady profitability on an EBITDA basis for three years in a row, the company says it has maintained a strong growth trajectory.
Both established companies like Mother Dairy and Amul as well as more recent ones like Country Delight, Akshayakalpa, Sid’s Farm, and Milky Mist are competitors of Doodhvale Farms.
