Indian Economy News

Country Delight raises $108mn is series D led by Venturi Partners & Temasek

Country Delight, which offers dairy, fruits and vegetables at the doorstep of consumers, has raised US$ 108 million in a funding round led by Venturi Partners and Temasek, bringing its total funding to US$ 147 million. The Series-D funding had participation from SWC Global and Trifecta Capital. Existing investors such as IIFL Asset Management, Elevation Capital, Orios Venture Partners and Matrix Partners also participated in this round.

Country Delight, which was founded in 2013, delivers dairy, fruits, and vegetables to customers' homes. Country Delight claims to have increased tenfold in the previous three years, serving over 1.5 million people.

By 2025, India's fresh food and staples market is expected to cross US$ 50 billion. Over 60% of the fresh foods market is currently unorganised, with limited cold storage capabilities, a fragmented logistics chain, and inadequate visibility of product quality across the supply chain.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.