A $10 million fundraising campaign for Sid’s Farm is spearheaded by Omnivore.
Summary:
The founder of Ambuja Cements, Narotam Sekhsaria, and his family office, Omnivore, are spearheading the fundraising campaign. The money will be used to promote Sid’s Farm Market more widely in Bengaluru and Hyderabad, where the business says it serves more than 25,000 clients.
In a fundraising round led by Mumbai-based startup fund Omnivore and the family office of Ambuja Cements founder Narotam Sekhsaria, direct-to-consumer dairy company Sid’s Farm has raised $10 million (roughly Rs 83 crore).
According to a statement, the company would utilize the money to improve its manufacturing capabilities and market share in Hyderabad and Bengaluru. Sid’s Farm, a Hyderabad-based business, says it serves more than 25,000 clients in Hyderabad and Bengaluru.
“Over D2C platforms, premium dairy brands and products are anticipated to drive growth in the overall Indian dairy industry.” Reihem Roy, a partner at Omnivore, stated, “We envision Sid’s Farm developing as a prominent player in this market with its commitment to antibiotic-free, hormone-free, and preservative-free milk and milk products.”
centered on agritech Companies like the satellite imaging startup Pixxel and the online farm marketplace Dehaat have received investments from Omnivore.
Sid’s Farm, which was founded in 2016 by Kishore Indukuri, raised $1 million in fundraising in January of last year from its clients and their recommendations. The company offers a variety of goods, including paneer, butter, ghee, whole milk, and milk with two tones.
“With this funding, we will be able to reach a larger audience in Hyderabad and Bengaluru with fresh, nutritious, and ethically sourced food, thus quickening our growth trajectory. We firmly feel that these two markets alone present a daily possibility to assist over 100,000 families,” Indukuri stated.
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