Gurugram-based dairy and daily essentials brand Country Delight is making headlines with its successful Series E funding round. The company has raised a remarkable Rs 212.5 crore (approximately $25 million) from global investment powerhouse Temasek, marking its first equity round in 2025. This development underlines Country Delight’s strong positioning in the competitive consumer goods and quick commerce landscape.
Series E Fundng: A Strategic Move
The latest funding round was finalized through a special resolution passed by the board of Country Delight. Regulatory filings accessed from the Registrar of Companies (RoC) reveal that the company issued 1,00,974 Series E compulsory convertible preference shares at an issue price of Rs 21,045 each to Temasek, through its entity V-Sciences Investments Pte Ltd. The funds raised will primarily cater to the company’s working capital needs and business expansion requirements. This reflects Country Delight’s focus on scaling operations to meet growing consumer demand.
Funding Timeline and Prior Investments
Country Delight had previously raised $20 million in a pre-Series E round in 2024 at a similar valuation. Moreover, it secured Rs 200 crore in debt financing from Alteria Capital in October 2024, further strengthening its financial position. With the latest round, Country Delight’s total capital raised (including equity and debt) stands at $220 million, according to startup intelligence platform TheKredible. Notably, Temasek remains the largest external stakeholder, holding a 13.63% equity stake post-allotment.
Expanding Services and Quick Commerce Entry
Founded by Chakradhar Gade and Nitin Kaushal, Country Delight has carved a niche in the daily essentials market by offering high-quality dairy products, bakery goods, poultry, and farm produce. It directly sources products from dairy farms, ensuring fresh and authentic offerings for over 1.5 million customers.
Operating across 25+ cities, including Delhi NCR, Bengaluru, and Chandigarh, the company is now testing the waters in the quick commerce space. It recently piloted a 10-15 minute delivery service in Gurugram, directly competing with established players like Zepto, Blinkit, Swiggy Instamart, and others.
This move positions Country Delight to cater to the growing consumer demand for instant delivery while capitalizing on its existing infrastructure and customer base.
Financial Snapshot and Growth Potential
Country Delight continues to demonstrate robust revenue growth. As per The Arc, the company recorded a 50% jump in revenue, reaching Rs 1,380 crore in FY24 compared to Rs 917 crore in FY23. However, it incurred a loss of Rs 260 crore in FY23. The official financials for FY24 are yet to be announced.
The Series E funding from Temasek sets the stage for Country Delight’s next phase of growth. By channeling resources toward working capital and strengthening operations, the company is poised to further expand its footprint in the daily essentials market. With its innovative quick commerce pilot and a strong consumer-centric approach, Country Delight is well-positioned to rise to new heights, continuing its journey as a trusted household name in India.
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