By Your AgriStory 
Gurugram-based Dairy products brand Country Delight is raising Rs 212.49 crore (approximately $25 million) in its Series E round led by Temasek.
According to its regulatory filing obtained from the Registrar of Companies (RoC), the board of Country Delight has passed a special resolution to issue 1,00,974 Series E compulsory convertible preference shares to Teamsek through (V-Sciences Investments Pte Ltd) at an issue price of Rs 21,045 each, raising Rs 212.5 crore or $25 million. The development was first reported by Entrackr.
It also secured Rs 200 crore in debt from Alteria Capital in October 2024.
The company would utilize the new financing for a miscellaneous “project” and working capital needs, according to the application.
Country Delight, which was founded by Chakradhar Gade and Nitin Kaushal, offers its clients a variety of dairy products, baked goods, poultry, and farm produce. The company serves 1.5 million clients and sources its products directly from dairy farms. At the moment, it works in over 25 cities, such as Chandigarh, Bengaluru, and Delhi NCR.
The company just entered the quick commerce market by introducing a delivery service in Gurugram that takes 10 to 15 minutes. With this change, Country Delight will be directly competing with well-known companies like Amazon Now (previously Amazon Tez), Zepto, Blinkit, Swiggy Instamart, and Flipkart Minutes.
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