Wednesday, July 24, 2024

Sid’s Farm Raises USD 10 Million in Series A Funding

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D2C dairy brand Sid’s Farm has raised USD 10 million in a Series A round led by Omnivore and the Narotam Sekhsaria Family Office (NSFO).

The dairy brand plans to utilize the funds to strengthen its presence in Hyderabad and Bengaluru and enhance its manufacturing capabilities to meet the growing demand for high-quality dairy products.

According to a report by IMARC Group, the dairy industry in India reached Rs 16,792 billion in 2023 and is expected to grow to Rs 49,953 billion by 2032. Premium dairy brands and products sold through D2C platforms are anticipated to lead this growth.

This investment will be instrumental in accelerating the company’s growth trajectory, enabling it to provide fresh, healthy, and responsibly sourced food to a wider audience in Hyderabad and Bengaluru.

Founded in 2016 by Dr. Kishore Indukuri, Sid’s Farm is a mass premium dairy brand that sources milk directly from farmers and conducts rigorous quality testing throughout the supply chain to ensure nutrient-dense, additive-free milk. The company offers a range of milk and milk-based products such as whole buffalo milk, cow milk, double-toned buffalo milk, buffalo ghee, cow ghee, buffalo and cow butter, curd, probiotic curd, paneer, doodh peda, buttermilk, lassi, and many more. Over time, Sid’s Farm has emerged as a key player in this space with its commitment to antibiotic-free, hormone-free, and preservative-free milk and milk products.

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