Debt

Debt financing

Dairy brand Country Delight raises $9-M from Alteria Capital

Startup Story  

Dairy brand Country Delight has raised INR 76 crore (USD 9 million) through a combination of debt and equity from Alteria Capital. Country Delight has issued 70,000 debentures at an issue price of INR 1,00,000 each and 3,160 Series E1 CCPS (Compulsorily Convertible Preference Shares) at INR 21,045 each, raising INR 76.65 crore.In January 2024, the company had raised USD 20 million in its Series E round from Temasek, Seviora Capital, Venturi Partners, and others. To date, Country Delight has raised approximately USD 175 million.Founded by Chakradhar Gade and Nitin Kaushal, Country Delight offers dairy items, bakery goods, poultry, and fresh farm produce. The company claims to source products directly from dairy farms, ensuring quality and freshness for its customers. Country Delight serves consumers in 15 cities across India, including Delhi (NCR), Mumbai, Bengaluru, Jaipur, Chennai, and Pune.