Doodhvale Farms, a competent dairy startup has raised USD 3 million in a Series A funding round. This funding round was co-led by Atomic Capital and Singularity Early Opportunities Fund, wherein, it also saw participation from the likes of Bharat Founders Fund, Indigram Labs Foundation, and angel investors including Ramakant Sharma, Livspace CEO Saurabh Jain, Ankit Tandon and Arjun Vaidya.
Previously, this Delhi-based company had previously raised USD 1.12 million in the year 2020.
Doodhvale stated in a press release that the proceeds from this latest funding will be used to steer the company’s expansion, diversify its product portfolio, strengthen its distribution networks and revamp its technology infrastructure.
Doodhvale Farms was established by Aman J. Jain, Ishu Jain, Sanjay Jain, and Sudhir Jain back in 2019. If we speak of Doodhvale Farms, it is a fully vertically integrated, technology-driven Direct-to-Consumer (D2C) dairy and daily essentials company.
Aiming to provide the nutrient-rich, farm-fresh experience milk was always meant to offer, Doodhvale Farms is known in the market for producing and delivering premium, farm-fresh products directly to consumers’ doorsteps. Also to note, the company has ensured that the delivery would be within 36 hours.
Furthermore, the company also claims to have maintained a robust growth trajectory and has achieved 100 percent year-over-year growth with consistent profitability on an EBITDA basis for a staggering three consecutive years.
If we further look at Doodhvale Farms’ vision and mission, it aims to compete with traditional brands which include Mother Dairy and Amul, coupled with new-age brands such as Country Delight, Akshayakalpa, Sid’s Farm, and Milky Mist.
