VC Fund Investments
Organic milk brand Akshayakalpa raises Rs 24-Cr from Lok Capital, Others
From the Venture Intelligence PE-VC Deal Database: Tiptur, Karnataka based Organic Milk Brand Akshayakalpa has raised INR 24 crore (USD 3.21 M) inn return for a 10.69% stake from Lok Capital, venture dairy, Zerodha Commodities Pvt Ltd and Papa Reddy Shashi Kumar (Promoter). The company has issued 948,844 Series A1 CCPS and 250000 Series A2 CCPS to the investors at an issue price of INR 200 each. Post this round, the company valuation stood at INR. 224.34 Cr. For FY20, the company has reported a turnover of INR 61.22 Cr while EBITDA and PAT were in the negative zone at INR 3.83 Cr and INR 6.19 Cr respectively In 2014 and 2019, the company had attracted capital from venture dairy and Lok Capital. (Subscribers to the database can login to view the previous valuation, deal structuring and other transaction details.)
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