Hyderabad-based dairy startup Sid’s Farm has raised greater than Rs 81 crore in a pre-Sequence B funding spherical because it seeks to broaden its manufacturing and distribution community.

The spherical was led by current investors Omnivore and Narotam Sekhsaria Household Workplace, often known as NSFO, alongside Dodla Dairy, Subsequent Bharat Ventures and LIO. A gaggle of different buyers additionally participated.

Sid’s Farm mentioned the cash will likely be used to strengthen its provide chain, enhance manufacturing and distribution capability, develop new merchandise, broaden into further markets and deepen its relationships with dairy farmers.

Dodla Dairy individually disclosed that its board had authorized an funding of about Rs 11.6 crore for an roughly 2% stake in Sid’s Farm. The listed dairy firm described the deal as a strategic, non-controlling funding, topic to agreed circumstances.

“Trendy Indian customers are extraordinarily high quality acutely aware and demand transparency, high quality and security within the meals they and their households eat,” Sid’s Farm founder Kishore Indukuri mentioned.

“This funding is a vote of confidence by our companions in our long-term imaginative and prescient of building India’s most trusted dairy model that embodies security as an inseparable ingredient of our merchandise at each step of the worth chain, from the farm to the household’s doorstep,” Indukuri mentioned.

The newest funding follows a $10 million Sequence A spherical in June 2024, co-led by Omnivore and NSFO. Sid’s Farm had beforehand raised $1 million from prospects and their referrals in a bridge spherical introduced in January 2023.

Based in 2016, Sid’s Farm sells milk, curd, paneer, butter, ghee and different meals merchandise. It serves greater than 60,000 households a day throughout Hyderabad, Bengaluru, Pune and Vijayawada, and works with greater than 5,500 dairy farmers. Farmers obtain veterinary care, agricultural sources and coaching in dairy practices.

the startup claims that each batch of milk is examined in opposition to greater than 45 high quality and security parameters, together with checks for antibiotics, induced hormones, preservatives and adulterants. It additionally claims to conduct greater than 10,000 exams every day and makes batch-level milk reviews accessible to prospects on-line.