Exclusive: Country Delight To Raise $20 Mn From Temasek, Others

Exclusive: Country Delight To Raise $20 Mn From Temasek, Others

SUMMARY

As per Inc42's estimate, Country Delight is raising the fresh round at a valuation of around $758 Mn

There is a possibility that the funding size could increase with more investors coming onboard

The startup in FY22 saw its net loss surge over 6X to INR 186.4 Cr from INR 28.2 Cr

Dairytech startup Country Delight seems to be kicking off the new year with a  bridge round, before striking for a bigger fundraise.

The Delhi-NCR based startup is raising around $20 Mn (INR 164 Cr) from its existing investors – Singapore’s sovereign fund Temasek, Venturi Partners and others. The board of CountryDelight has passed a resolution to allot around 78K Pre-Series E CCPS (Compulsory Convertible Preference Shares) to Temasek, Venturi Partners and its other existing investors. Inc42 has reviewed the document. 

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