PE Fund Investments
Dairy products seller Country Delight to raise $20-M from Tamasek, others
The Delhi-NCR based dairy products seller Country Delight is to raise around USD 20 million (INR 164 crore) from its existing investors – Temasek, Venturi Partners and others. Country Delight is raising the fresh round at a valuation of around USD 758 million. CountryDelight would allot around 78,000 Pre-Series E CCPS (Compulsory Convertible Preference Shares) to Temasek, Venturi Partners and its other existing investors.Founded in 2013 by Chakradhar Gade and Nitin Kaushal, Country Delight follows a subscription-based model where it sources milk from farmers and delivers it to customers’ doorsteps. Besides this, it supplies bread, ghee, other dairy products, fruits and vegetables.To date, the startup has raised close to USD 158 million across multiple rounds. It counts Temasek, Matrix Partners India, Orios Ventures and Elevation Capital as among its investors.
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