Country Delight raises Rs 200 crore in debt from Alteria Capital
Country Delight has raised Rs 200 crore in venture debt from Alteria Capital.
The new funds will be used to fuel the company’s expansion, increase capacity, and drive brand marketing efforts, the Gurugram-based company said in a statement.
«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.
Earlier this year, itraised around Rs 164 crore in equity funding from Singapore’s sovereign fund Temasek. The company is valued at $804 million as of July 31, according to Tracxn.
Founded in 2015 by Gade and Nitin Kaushal, Country Delight offers direct-to-home delivery of fresh food essentials like milk, ghee, paneer, fruits, and vegetables under a daily subscription model.
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