Delhi-based dairy startup Doodhvale Farms raises $3 million in funding

Doodhvale Farms, a Delhi-based dairy and daily essentials startup, has raised $3 million in a Series A funding round led by Atomic Capital.

The funding round also saw participation from investors such as Singularity Early Growth Opportunities Fund, Bharat Founders Fund, Indigram Lab Foundation, and prominent angel investors.

Angel investors who participated in the round include Ramakant Sharma (Co-Founder, Livspace), Ankit Tandon (CBO, OYO), Saurabh Jain (CEO, Livspace), and Arjun Vaidya (Co-Founder, V3 Ventures), among other industry veterans.

A vertically integrated approach

Founded in 2019 by Sudhir Jain, Aman Jain, Ishu Jain, and Sanjay Jain, Doodhvale Farms operates a vertically integrated supply chain that ensures complete control over its dairy production process.

Unlike traditional collection models, the startup sources milk directly from its own livestock farms, eliminating intermediaries. This approach enables the delivery of fresh, traceable, and antibiotic-free milk and dairy products within 36 hours of production.  

Its offerings extend beyond milk to over 100 SKUs, including dairy staples such as paneer and khoya, as well as daily essentials like bread.

Doodhvale Farms also caters to regional tastes by introducing desi treats such as Mathura Khoya Peda, Alwar Milk Cake, and Punjabi Doda Barfi.

Purpose of fundraising

Doodhvale Farms plans to use the raised capital to expand its presence, strengthen distribution networks, diversify its product portfolio, and upgrade its technology infrastructure.

The startup claims to have been EBITDA-positive for three consecutive years, a significant feat in the competitive dairy sector. 

"This strategic investment marks a significant milestone in our journey to revolutionize India's dairy industry," said Aman J Jain, CEO and Co-founder of Doodhvale Farms.

"With this funding, we are poised to expand our reach and enhance our commitment to delivering pure, farm-fresh dairy products to Indian households."

Investors comment

Commenting on the partnership, Apoorv shared his vision: “We are thrilled to partner with Doodhvale Farms on their ambitious journey to bring world-class quality milk and allied products to India. As one of India's first vertically integrated online subscription platforms for these products, Doodhvale Farms has demonstrated exceptional capital efficiency.”

Suyash Kela from Singularity Early Opportunities Fund, added, “Premiumization of large consumption categories like F&B is a theme we are very bullish about. Doodhvale Farms, with its premium, unadulterated milk and allied products offering, strong hold on the supply chain, and founders with their feet and ear to the ground, really appealed to us.”