Doodhvale Farms, a dairy startup, has raised $3 million (approximately INR 25.33 crore) in an undisclosed funding round co-led by Atomic Capital and Singularity Early Opportunities Fund.
The round also saw participation from Indigram Labs Foundation and prominent angel investors, including Ramakant Sharma, Ankit Tandon, Saurabh Jain, and Arjun Vaidya, as per INC42.
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Established in 2019 by Aman J Jain, Ishu Jain, Sanjay Jain, and Sudhir Jain, Doodhvale Farms delivers milk and dairy products across Delhi NCR. The company began with two Holstein Friesian cows on a single farm and now operates from a 2.5-acre automated processing farm in Sonipat, Haryana, housing 50 cows.
Doodhvale Farms claims 100% YoY growth inn 3 years
Meanwhile, Doodhvale Farms plans to utilise the fresh capital for expansion, strengthening distribution networks, diversifying its product portfolio, and upgrading technology infrastructure. The startup claims to have achieved 100% year-over-year growth and maintained profitability on an EBITDA basis for three consecutive years.
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Its product portfolio includes Gaon Jaisa Safed Makkhan, Pure Milk Khoya, and Desi Treats. “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.
Doodhvale farms serves 10,000 customers
Currently serving over 10,000 customers across Delhi, Gurugram, Sonipat, Noida, Greater Noida, Faridabad, Ghaziabad, Chandigarh, Panchkula, Mohali, Kharar, and Zirakpur, Doodhvale Farms competes with Country Delight, Sid’s Farm, and Akshayakalpa in the D2C dairy segment.
Recently, Sid’s Farm raised $10 million in June 2024, while Akshayakalpa secured $15 million in September 2022. According to an Inc42 report, Indian agritech startups raised $1.4 billion across 189 funding deals between 2014 and January 2022, with the sector projected to reach $30-35 million by 2025.
