A naukri.com initiative
Economic Times
2w
320
Image Credit: Economic Times
Country Delight raises Rs 200 crore in debt from Alteria Capital
- Direct-to-consumer (D2C) fresh foods brand Country Delight has raised Rs 200 crore in venture debt from Alteria Capital.
- This debt financing comes as companies increasingly turn to venture debt to finance expansion without diluting additional equity.
- The new funds will be used to fuel the company’s expansion, increase capacity, and drive brand marketing efforts.
- Earlier this year, it raised around Rs 164 crore in equity funding from Singapore’s sovereign fund Temasek.
- Founded in 2015, Country Delight offers direct-to-home delivery of fresh food essentials under a daily subscription model.
- The company serves nearly 1.5 million users across 15 cities in India.
- Additionally, it provides other grocery items like pulses, flour, rice, and cereals.
- Alteria Capital manages a corpus of Rs 4,400 crore across three funds and its portfolio includes companies like Zepto, Ola Electric, and Rebel Foods.
- Recently, Bengaluru-based business-to-business ecommerce platform Udaan announced raising approximately Rs 300 crore in debt funding from investors.
- As we scale our operations and prepare for our initial public offering 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 CEO of Country Delight.
Read Full Article
19 Likes
For uninterrupted reading, download the app