Doodhvale Farms, a Delhi-based dairy startup, raised $3 million in Series A funding co-led by Atomic Capital and Singularity Early Opportunities Fund. Bharat Founders Fund, Indigram Labs Foundation, along with a bunch of angel investors such as Ramakant Sharma, Ankit Tandon, and Saurabh Jain, CEO Livspace, also participated in this round. This is the second fundraise in the company’s history, having done the earlier round in 2020, raising $1.12 million.
PC: Mint
Growth and Expansion Strategy
The funds generated from the grant will be invested prudently to speed up Doodhvale Farms expansion, consolidate its distribution channels, expand its product base, and upgrade its technology. The company will further use this capital to consolidate its market and the operating efficiencies for gaining a stronger footing in the D2C segment that faces increasingly growing demand for fresh dairy products.
Founded in 2019 by Aman J. Jain, Ishu Jain, Sanjay Jain, and Sudhir Jain, Doodhvale Farms is a completely vertically integrated, technology-driven company that produces premium, fresh-from-the-farm dairy, delivered directly to consumers’ doors, with a focus on quality and freshness. Its products are guaranteed delivery within 36 hours of milking, providing a nutrient-rich product that reflects the traditional values of dairy farming.
Performance and Market Position
Doodhvale Farms has demonstrated impressive growth, achieving a remarkable 100% year-over-year growth rate. The company has maintained consistent profitability on an EBITDA basis for three consecutive years, indicating a solid business model and effective operational management. This strong financial performance positions Doodhvale Farms favorably in the competitive dairy market.
The startup is set to compete with not only the earlier entrants, such as Mother Dairy and Amul, but also the newer ones like Country Delight, Akshayakalpa, Sid’s Farm, and Milky Mist. Focusing on direct sales to consumers and leveraging technology, Doodhvale Farms aims to create a unique identity in the dairy segment targeting the health-conscious consumer segment searching for quality products.
Technology Backed Approach
Its technologically driven approach makes Doodhvale Farms stand out in the market. The company makes use of modern logistics and supply chain management systems aimed at timely delivery and the quality of the product. In this way, the company combines technology in each function from production to delivery to improve efficiency and satisfy its customers.
The startup, therefore, is exhibiting commitment to sustainability and quality in its everyday operations, and it will not only manage to satisfy the consumers’ expectations but will also conform to ethical farming standards. Modern customers are increasingly interested in knowing where their food comes from and which kind of practices the brands they tend to support would employ.
Doodhvale Farms has culminated the successful completion of its Series A funding, amounting to $3 million, in pursuit of the milestone revolutionary change that it might bring forth in the dairy sector. The product expansion along with upgradation in the technological platform would make it more suitable to cater to consumers whose expectations are changing day-to-day. While positioning against well-established competitors and innovative new entrants, Doodhvale Farms is bound to take a leading role in forging a new path for future consumption of milk and milk products in India.
Doodhvale Farms, with a strong growth trajectory and a very clear sense of what is coming next, is certainly something other than dairy; it’s wholesome experience delivering freshness directly from a farm life, turning out to be one in sustainability. The important months will be in the couple of months ahead when this startup finally puts its expansion plans into practice and continues on its successes.
