Doodhvale Farms, a dairy startup based in Delhi, has successfully raised USD 3 million in funding from investors to fuel its expansion plans. On Wednesday,the company announced it’s successful closure of a $3 million funding round in it’s Series A funding round led by Atomic Capital and Singularity Early Opportunities Fund.
Atomic Capital led the round, with significant co-investment from Singularity Early Opportunities Fund. Bharat Founders Fund and Indigram Labs Foundation also participated in the round.
Angel investors who participated in this round are Ramakant Sharma (Co-Founder, Livspace), Ankit Tandon (CBO, OYO), Saurabh Jain (CEO, Livspace), and Arjun Vaidya (Co-Founder, V3 Ventures), among other industry veterans.
Started in 2019, by Aman J. Jain, Ishu Jain, Sanjay Jain, & Sudhir Jain, Doodhvale Farms is a D2C dairy company that delivers high-quality milk products straight from the farm to the customer’s doorstep.
In the past few years Doodhvale has consistently achieved strong growth and profitability. The company has maintained profitability for three consecutive years, achieving 100% year-over-year growth, as measured by EBITDA. It has introduced many innovative dairy products such as Gaon JaisaSafed Makkhan, 100% Pure Milk Khoya, and Desi Treats.
The newly acquired capital will be utilized to fuel Doodhvale Farms’ expansion, enhance its distribution network, broaden its product range, and modernize its technological infrastructure.
“This strategic investment marks a significant milestone in our journey to revolutionize India’s dairy industry,
“With this funding we are poised to expand our reach and enhance our commitment to delivering pure, farm-fresh dairy products to Indian households.” Said Aman J Jain, CEO and Co-founder at Doodhvale.
Companies who led the investment in Dhoodhvale.
Atomic Capital who backs Doodhvale, is an early-stage venture capital firm, and is dedicated to investing in consumer-focused startups. With a unique approach that combines capital and operational expertise, the fund aims to support emerging consumer brands.
Led by Apoorv Gautam, a seasoned investor with a strong track record in the consumer sector, Atomic Capital is well-positioned to help these companies achieve significant growth and success.
Apoorv commented on the partnership of Atomic Capital with Doodhvale: “We are thrilled to partner with Doodhvale Farms on their ambitious journey to bring world-class quality milk and allied products to India. As one of India’s first vertically integrated online subscription platforms for these products, Doodhvale Farms has demonstrated exceptional capital efficiency.”
Singularity Early Opportunities Fund, the round’s major co-investor also said, “Premiumization of large consumption categories like F&B is a theme we are very bullish about. Doodhvale Farms, with its premium, unadulterated milk and allied products offering, strong hold on the supply chain, and founders with their feet and ear to the ground, really appealed to us.”
