PE Fund Investments
Country Delight completes Series D round with $108-M
Gurgaon-based Direct-to-consumer (D2C) food essentials brand Country Delight has raised USD 108 million (about INR 837 crore) to complete its Series D round led by Venturi Partners and Temasek. SWC Global and Trifecta Capital along with existing investors, IIFL VC, Elevation Capital, Orios VP and Matrix Partners India also participated in the round which takes the company's total funding to date to USD 147 million. Avendus Capital acted as the exclusive financial advisor to Country Delight on this transaction. The fundraise has reportedly valued the company at USD 615 million. Founded in 2013, the company offers dairy essentials, fruits and vegetables at the doorstep of consumers. The company claims to deliver fresh groceries in 24-36 hours directly from farms leveraging its fully integrated just-in-time supply chain model. Country Delight claims to have grown 10 times in the last three years and that it has served over 15 lakh customers across India.
From the Venture Intelligence PE-VC Deal Database: Between Mar-2017 and Nov-2020, Country Delight had raised about USD 43-M from Orios VP, IIFL VC, Matrix Partners India, Elevation Capital and Alteria Capital. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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