Wednesday, April 24, 2024
HomeRecent ArticlesAkshayakalpa Organic Secures Approximately $12 Mn Series C Funding

Akshayakalpa Organic Secures Approximately $12 Mn Series C Funding

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.

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.

Read also – NoahArk Tech Group Secures $2.4M Investment From ENV

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.

Read also – anecdotes Secures $25 Mn Series B Funding

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.

Read also – Delinea Acquires Authomize to Detect and Mitigate Identity Threats

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.

Read also – Cookie3 Partners PR Distribution Platform Chainwire

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular