Sid’s Farm raises $10 m in Series A round
Summary
Also read:Confluence of milk and code: How innovations in agtech can transform the future of Indian agricultureA media statement said, Sids Farm, plans to use the funds, to establish a strong presence in Hyderabad, and Bengaluru, by enhancing manufacturing capabilities, to meet the growing demand for high-quality dairy products, and building a robust team, to attract, and retain top talent, across various functions.Founded in 2016, Sids Farm, is a Hyderabad-based dairy brand, serving more than 25,000 customers, across two cities. The statement said, the startup controls the entire value chain of milk, and milk products, by sourcing directly from farmers, and conducting quality testing, throughout the supply chain, to ensure nutrient-dense, additive-free milk.Sids Farm started its operations, with whole buffalo, and cow milk, and gradually diversified into curd, paneer, ghee, butter, dairy beverages, and dairy-based desserts.Quoting Reihem Roy, Partner at Omnivore, the statement said: According to IMARC Group reports, the dairy industry in India, reached a size of 16,792 billion, in 2023, and is expected to reach 49,953 billion, by 2032. Also read:The whiter evolution: How digitalisation can help D2C brands boost farmers IncomesKishore Indukuri, Founder of Sids Farm, said: We are thrilled to have this immense support from Omnivore, and Narotam Sekhsaria Family Office. Their belief in our vision, and commitment to providing consumers with great quality, adulterant-free milk, and dairy products, is a tremendous validation of our efforts. This investment will be instrumental in accelerating our growth trajectory, and enabling us to provide fresh, healthy, and responsibly sourced food, to a wider audience in Hyderabad, and Bengaluru.