The company plans to use funds for manufacturing, team building, and expansion in Hyderabad and Bengaluru.
Sid’s Farm, the dairy brand announced that the company has secured $10 Mn (Rs 83 Cr) in a Series A funding round co-led by Omnivore and Narotam Sekhsaria’s family office. The Telangana-based startup plans to use the freshly raised money to strengthen its manufacturing capabilities, team building and expanding to cities like Hyderabad and Bengaluru.
The Telangana-based D2C dairy startup plans to use funds for manufacturing, team building, and expansion in Hyderabad and Bengaluru.
Kishore Indukuri, founder of Sid’s Farm, said, “This investment will accelerate our growth in Hyderabad and Bengaluru. We strongly believe that there is an opportunity to serve over 1,00,000 families every day in these two markets alone.”
“Premium dairy brands and products over D2C platforms are expected to lead (the) growth (in the overall Indian dairy space) We see Sid’s Farm emerging as a key player in this space with its commitment to antibiotic-free, hormone-free, preservative-free milk and milk products,” said Reihem Roy, partner at Omnivore.
Founded in 2016 by Indukuri, Sid’s Farm currently serves around 20,000 customers daily on a subscription basis, offering a range of products, including milk, and milk products.
