Country Delight Set to Raise $20 Million in Bridge Round from Temasek and Others

Navigating Growth and Challenges: Country Delight’s Strategic Funding Move in the Dairytech Landscape


As the new year unfolds, dairytech startup Country Delight is making headlines with its plans for a bridge round, a precursor to a larger fundraising effort. Sources reveal that the Delhi-NCR based company is in the process of securing approximately $20 million (INR 164 crore) from existing investors, including Singapore’s sovereign fund, Temasek, and Venturi Partners. With this infusion of capital, Country Delight is poised to strengthen its position in the competitive market and pave the way for future growth.

Valuation and Investor Interest: Inc42’s latest estimates suggest that Country Delight’s current fundraising round is set to propel the company to a valuation of around $758 million. This figure indicates significant investor confidence in the startup’s potential and its ability to navigate the challenges of the dairy industry. Moreover, there is speculation that the funding size might expand further, with additional investors expressing interest in participating in this strategic investment.

Board Resolution and Funding Structure: The board of Country Delight has recently approved a resolution to allocate approximately 78,000 Pre-Series E Compulsory Convertible Preference Shares (CCPS) to Temasek, Venturi Partners, and other existing investors. This move underscores the commitment of these backers to Country Delight’s vision and their confidence in the startup’s ability to deliver value in a rapidly evolving market.

Financial Performance in FY22: While Country Delight gears up for this funding round, it’s worth noting the startup’s financial performance in the fiscal year 2022. The company witnessed a substantial increase in its net loss, soaring over 6 times from INR 28.2 crore to INR 186.4 crore. This financial disclosure reflects the challenges and aggressive strategies implemented by Country Delight to secure a strong foothold in the competitive dairy sector.

Strategic Implications and Future Prospects: The current round of funding is expected to fortify Country Delight’s operational capabilities and fuel its expansion initiatives. With a focus on delivering high-quality dairy products and leveraging technology to streamline its operations, the startup is well-positioned to capture a larger share of the market. The strategic infusion of funds will likely be directed towards enhancing production capacities, investing in technology infrastructure, and expanding the company’s reach to new markets.


Country Delight’s move to initiate a bridge round signals a proactive approach to securing the necessary capital for its ambitious growth plans. The participation of reputable investors, including Temasek, underscores the confidence in the startup’s potential. As Country Delight navigates the challenges and opportunities ahead, the outcome of this funding round will undoubtedly shape the trajectory of the company in the coming months, making it one to watch in the dynamic landscape of dairytech startups.

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