India’s first certified organic dairy enterprise Akshayakalpa Organic Secures Rs 100 crore or Approximately $12 Mn Series C Funding led by A91 Partners. Rainmatter Capital and British International Investment invested Rs 18.6 crore and Rs 16.6 crore, respectively, in the investment round, demonstrating the substantial involvement of current investors.
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The board of the firm approved a special resolution to increase the total amount by issuing 41,35,010 Series C Compulsorily Convertible Preference Shares (CCPS) at an issue price of Rs 241.84 apiece, According to Entrackr.
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Akshayakalpa Organic increased the amount of its Employee Stock Ownership Plan (ESOP) pool by adding new options valued at Rs 5 crore. According to TheKredible calculations, this brings the overall ESOP-size to about Rs 22.6 crore, or roughly $2.75 million.
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About Akshayakalpa Organic
Founded by GNS Reddy and Shashi Kumar in 2010, Akshayakalpa is India’s first certified organic dairy enterprise bringing together a balance of practices based in science and the traditional heritage of dairy farming. At Akshayakalpa, sustainability is not a choice, it is a way of life. Akshayakalpa’s farmer-first, planet-friendly approach ensures every product that goes from our lush farms to your fridge is rich in nutrition, free antibiotics, chemicals and preservatives.
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