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Gurugram-based dairy and daily essentials brand Country Delight has raised ₹65 crore through the issuance of non-convertible debentures (NCDs) from Alteria Capital to support its general corporate activities. The company’s board approved the issuance of 6,500 NCDs with a face value of ₹1 lakh each, according to regulatory filings.
Founded by Chakradhar Gade and Nitin Kaushal, Country Delight operates a direct-from-farm business model offering dairy products, bakery goods, poultry and farm produce across more than 25 cities including Delhi NCR, Bengaluru and Chandigarh, serving nearly 1.5 million customers.
The latest debt funding comes after the company raised ₹212.5 crore (around $25 million) in its Series E funding round from Temasek in March 2025. Country Delight has reportedly raised nearly $220 million to date through debt and equity financing, with Temasek remaining the company’s largest external stakeholder holding a 13.63% stake post-allotment.
The company has also recently entered the quick commerce segment by piloting a 10-15 minute delivery service in Gurugram to compete with players such as Zepto, Blinkit and Swiggy Instamart. According to reports, Country Delight recorded revenue of ₹1,380 crore in FY24, marking around 50% growth from ₹917 crore in FY23, although the company had reported a loss of ₹260 crore during FY23. (ETStartup.com)
Source: Dairynews7x7 23 May, 2026 Read full story here
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