Country Delight, a D2C Natural, Fresh and Unadulterated Milk provider has secured Rs 200 Cr in venture debt from Alteria Capital, India’s largest Venture Debt fund focused on innovative startups backed by strong VC sponsors.
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This debt financing comes as companies, particularly those in growth and later stages, increasingly rely on venture debt to fund expansion without diluting additional equity.
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The new funds will be used to support the company’s expansion, increase capacity, and drive brand marketing efforts. Earlier this year, it raised approximately Rs 164 crore in equity funding from Singapore’s sovereign fund Temasek.
“As we scale our operations and prepare for our initial public offering (IPO) journey, it is important for us to use various capital sources to improve financial efficiency and also set us up for the next phase of growth,” said Chakradhar Gade, the chief executive officer of Country Delight.
“As the business expands, it is necessary to invest in capacity building across different pockets to improve efficiency in the business. In this context, debt is ideally suited to meet these expansion requirements. We are investing further in Country Delight since the company is very well placed to capitalize on its strong operating foundation and access capital markets on a path to eventual listing,” said Vinod Murali, co-founder, and managing partner of Alteria Capital.
Established in 2017, Alteria Capital was founded by the leadership team at Silicon Valley Bank’s lending business in India which was started in 2008. Alteria Capital helps visionary entrepreneurs transform and grow their businesses to their full potential. Its financing solutions over the past decade have helped some of India’s most exciting and innovative emerging companies realize the potential of their business ideas through the use of complementary sources of growth capital.
About Country Delight
Founded in 2015 by Gade and Nitin Kaushal, Country Delight leverages technology to source a superior product from the farmer and to give a hassle-free experience to the consumer.
