Organic dairy brand Akshayakalpa Organic is raising ₹175 crore (approximately $19 million) in a Series D funding round led by ABC Impact Fund, with backing from Temasek and participation from existing investors including Rainmatter, Asha Ventures, Catamaran Ventures, Waterfield Fund, Pratithi Growth Fund, and A91 Partners. The round underscores continued investor confidence in India’s fast-growing D2C food ecosystem, particularly in categories centered around health, sustainability, and transparency.
According to regulatory filings, the company plans to issue over 36.8 lakh Series D compulsorily convertible preference shares at ₹475 each, with ABC Impact contributing ₹101 crore and Rainmatter adding ₹21 crore. The funding is expected to value the company between ₹1,600 and ₹1,700 crore, positioning it among the most well-capitalised players in India’s organic food and dairy segment.
Founded by GNS Reddy and Shashi Kumar, Akshayakalpa Organic has built a strong direct-to-consumer (D2C) model focused on delivering organic milk and dairy products directly to consumers while maintaining strict quality and sourcing standards. The brand currently serves over 60,000 customers daily across Bengaluru, Hyderabad, and Chennai through its D2C platform, while also maintaining an omnichannel presence in more than 2,000 retail outlets and across major e-commerce and quick commerce platforms.
The fresh capital will be used to strengthen working capital, expand supply chain infrastructure, and accelerate its D2C-led growth strategy. The company plans to deepen its presence in existing markets while entering new cities, supported by investments in logistics, sourcing networks, and production capabilities. This aligns with broader industry trends where supply chain efficiency and last-mile delivery are becoming critical differentiators for D2C brands.
Financially, the company has demonstrated steady growth, reporting a 38% year-on-year increase in revenue to ₹387 crore in FY25. While net losses remained stable at ₹27.3 crore, the performance indicates a balanced approach toward scaling, with a focus on sustainable growth rather than aggressive, loss-heavy expansion. This disciplined trajectory is increasingly valued by investors in the current funding environment.
The funding round is also expected to include a secondary component, allowing early investors to partially exit, reflecting the company’s maturity and the evolving dynamics of India’s startup ecosystem where liquidity events are becoming more common. Reports suggest that Akshayakalpa may explore raising up to ₹350 crore in total, further strengthening its expansion plans.
The company’s growth is closely tied to shifting consumer behavior in India, where demand for clean-label, ethically sourced, and nutritionally superior products is rising. As awareness around health and sustainability increases, organic dairy is emerging as a high-potential category within the broader food and beverage sector.
By combining a strong D2C backbone with an expanding omnichannel presence, Akshayakalpa Organic is positioning itself as a leader in India’s organic dairy market. With robust investor backing, a clear focus on supply chain excellence, and alignment with long-term consumer trends, the company is well-placed to drive the next phase of growth in the country’s evolving D2C food landscape.
