Doodhvale Farms raises $3 Mn in funding led by Atomic Capital, with participation from Singularity Early Opportunities Fund
The Delhi-based dairy startup plans to use the capital for expansion, distribution networks, product portfolio diversification and tech infrastructure
Founded in 2019, Doodhvale Farms operates across Delhi NCR with over 10,000 customers
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Dairy startup Doodhvale Farms has raised $3 Mn (around INR 25.33 Cr) in an undisclosed funding round co-led by Atomic Capital and Singularity Early Opportunities Fund.
The round also saw participation from Indigram Labs Foundation, along with angel investors, including Livspace cofounder Ramakant Sharma, OYO CBO Ankit Tandon, Livspace CEO Saurabh Jain and V3 Ventures cofounder Arjun Vaidya.
The company plans to use the fresh capital for expansion, strengthening distribution networks, diversifying product portfolio and upgrading technology infrastructure.
Founded 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 started with two Holstein Friesian cows on a single farm near Delhi’s Rohini area. It now operates from a 2.5-acre automated processing farm in Sonipat, Haryana, housing 50 Holstein Friesian cows.
It claims to have achieved 100% year-over-year growth and maintained profitability on an EBITDA basis for three consecutive years. 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.
The startup currently serves over 10,000 customers across Delhi, Gurugram, Sonipat, Noida, Greater Noida, Faridabad, Ghaziabad, Chandigarh, Panchkula, Mohali, Kharar and Zirakpur.
In the D2C dairy segment, Doodhvale Farms competes with Country Delight, Sid’s Farm and Akshayakalpa.
Telangana-based Sid’s Farm raised $10 Mn in June 2024 from Omnivore and Narotam Sekhsaria’s family office. Meanwhile, Akshayakalpa raised $15 Mn in September 2022 from British International Investment, Rainmatter Foundation and Venture Dairy.
According to an Inc42 report, Indian agritech startups raised $1.4 Bn across 189 funding deals between 2014 and January 2022, with the sector projected to reach $30-35 Mn by 2025.
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