Country Delight: Country Delight raises $20 million in funding from Temasek, Venturi Partners
Direct-to-consumer (D2C) fresh foods brand Country Delight has raised around $20 million (around Rs 164 crore) in a funding round led by Singapore’s sovereign fund Temasek, which is one of its backers.
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Another existing investor, Venturi Partners, also participated in the round, in addition to Temasek-owned asset management group Seviora, which has invested through agriculture and food-focused investment vehicle, Seviora T3F Fund.
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The latest round values the Gurugram-based firm at around $820 million, according to regulatory filings made with the Registrar of Companies (RoC). The startup had last raised $108 million back in May 2022 at a valuation of $615 million.
As per RoC filings, Temasek has invested around $9.3 million in this round, with Seviora T3F bringing in around $7 million, and Venturi Partners $3.4 million.
Country Delight, founded in 2013 by IIM Indore alumni Chakradhar Gade and Nitin Kaushal, delivers dairy products, fruits and vegetables to consumers.
It aims to provide fresh farm-to-home deliveries within 24-36 hours from sourcing, facilitated by a fully-integrated supply chain model, and competes with online grocery platforms such as Blinkit, BigBasket, Zepto and Otipy. The company has also started selling other items in the grocery space such as pulses, atta, rice, oils, spices and dry fruits.
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Country Delight sources its products directly from dairy farms and operates in 15 cities including the Delhi-National Capital Region, Mumbai, Bengaluru, Chennai, Jaipur and Pune.In the year-ended March 31, 2022, it posted Rs 564 crore in operating revenue, and a net loss of Rs 186 crore, six times higher than the previous fiscal. It is yet to file its financials for FY23.
The company continues to spend heavily on expanding its scale.
According to Tracxn, the company has raised a total of $300 million in funding. It also counts Matrix Partners India, Elevation Capital and Orios Venture Partners in its cap table.
The latest round is ongoing, and Country Delight could add more investors at a different valuation.
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Direct-to-consumer (D2C) fresh foods brand Country Delight has raised around $20 million (around Rs 164 crore) in a funding round led by Singapore’s sovereign fund Temasek, which is one of its backers.
![]()
Another existing investor, Venturi Partners, also participated in the round, in addition to Temasek-owned asset management group Seviora, which has invested through agriculture and food-focused investment vehicle, Seviora T3F Fund.
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| IIM Lucknow | IIML Executive Programme in FinTech, Banking & Applied Risk Management | Visit |
| MIT | MIT Technology Leadership and Innovation | Visit |
| Indian School of Business | ISB Professional Certificate in Product Management | Visit |
The latest round values the Gurugram-based firm at around $820 million, according to regulatory filings made with the Registrar of Companies (RoC). The startup had last raised $108 million back in May 2022 at a valuation of $615 million.
As per RoC filings, Temasek has invested around $9.3 million in this round, with Seviora T3F bringing in around $7 million, and Venturi Partners $3.4 million.
Country Delight, founded in 2013 by IIM Indore alumni Chakradhar Gade and Nitin Kaushal, delivers dairy products, fruits and vegetables to consumers.
It aims to provide fresh farm-to-home deliveries within 24-36 hours from sourcing, facilitated by a fully-integrated supply chain model, and competes with online grocery platforms such as Blinkit, BigBasket, Zepto and Otipy. The company has also started selling other items in the grocery space such as pulses, atta, rice, oils, spices and dry fruits.
Discover the stories of your interest
Country Delight sources its products directly from dairy farms and operates in 15 cities including the Delhi-National Capital Region, Mumbai, Bengaluru, Chennai, Jaipur and Pune.In the year-ended March 31, 2022, it posted Rs 564 crore in operating revenue, and a net loss of Rs 186 crore, six times higher than the previous fiscal. It is yet to file its financials for FY23.
The company continues to spend heavily on expanding its scale.
According to Tracxn, the company has raised a total of $300 million in funding. It also counts Matrix Partners India, Elevation Capital and Orios Venture Partners in its cap table.
The latest round is ongoing, and Country Delight could add more investors at a different valuation.
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
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