Consumer
VedaCorp advises Akshayakalpa Farms and Foods, Indias largest organic dairy brand, on its $20 Mn Series B fundraise led by British International Investment and Rainmatter Foundation
About
Akshayakalpa Farms
Founded by Mr. Shashi Kumar and Dr. G.N.S Reddy in 2010, Akshayakalpa works closely with 750+ farmer families and reaches 60,000+ consumers daily to offer organic milk and milk products. Akshayakalpa is India’s first certified organic dairy enterprise and is doubling down on its commitment to provide access to and make farming a lucrative career for rural youth in India.
British International Investment
British International Investment is the UK’s development finance institution and impact investor. It is a trusted investment partner to businesses in Africa, Asia, and the Caribbean and invests between £1.5 and £2 billion every year to support the UK Government’s Clean Green Initiative and to create productive, sustainable, and inclusive economies in our markets. BII has investments in over 1,300 businesses in emerging economies and total assets of £7.7 billion.
Rainmatter Foundation
Rainmatter Foundation is a non-profit initiative by Zerodha, India’s largest stock broking company. It aims to support individuals and organizations, and companies working on problems related to climate change, with a focus on afforestation, ecological restoration, and livelihoods. They have committed USD 100 million to be disbursed as grants and funding for projects that become replicable models.
Background
We are pleased to announce that our client, Akshayakalpa Farms and Foods Private Limited (“Akshayakalpa”), has raised $20 Mn led by British International Investment (formerly CDC) and Rainmatter Foundation, with participation from existing investors Lok Capital, Venture Dairy and others. The funds raised would be used for penetrating deeper into existing geographies, expanding presence into new geographies, and launching new products.
Akshayakalpa offers organic milk and milk products under the brand Akshayakalpa Organic, which are free from antibiotics, synthetic additives, hormones, and chemical pesticide residue. Akshayakalpa reaches 60,000+ consumers daily in Bengaluru, Hyderabad, and Chennai and has grown at a CAGR of 60%+ in the last 5 years. The brand is available on its own direct delivery platform, 2,000+ retail outlets and e-commerce platforms.
Veda Corporate Advisors (“VedaCorp”) was the exclusive financial advisor to the Company and its Promoters. VedaCorp provided comprehensive transaction advisory services covering identification of prospective investors, strategic positioning including deal structuring, negotiation of key commercial terms, leading to the successful closure of the transaction. This marks VedaCorp’s 20th transaction in the consumer & retail space.