In a significant move that underscores the growing demand for high-quality dairy products in India, Telangana-based dairy brand Sid’s Farm has successfully raised $10 million in a Series A funding round. The round was co-led by agritech-focused venture capital firm Omnivore and the Narotam Sekhsaria Family Office (NSFO).
Expanding Manufacturing and Talent Acquisition
Founded in 2016 by Dr. Kishore Indukuri, an IIT Kharagpur alumnus, Sid’s Farm is renowned for its commitment to providing nutrient-dense, additive-free milk and dairy products. The newly secured funds will be pivotal in expanding the company’s manufacturing capabilities to meet increasing consumer demand in Hyderabad and Bengaluru. Additionally, the investment will facilitate the building of a robust team, focusing on attracting and retaining top talent across various functions.
“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,” said Dr. Kishore Indukuri, Founder of Sid’s Farm. “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. We strongly believe that there is an opportunity to serve over 1,00,000 families every day in these two markets alone.”
Comprehensive Product Range and Quality Control
Sid’s Farm offers a diverse range of products, including whole buffalo and cow milk, double-toned buffalo milk, buffalo and cow ghee, buffalo and cow butter, buffalo and cow curd, probiotic curd, paneer, doodh peda, buttermilk, and lassi. The brand takes pride in controlling the entire value chain of milk and milk products by sourcing directly from farmers and conducting rigorous quality testing throughout the supply chain. This ensures that their products are free from antibiotics, hormones, and preservatives.
Industry Growth and Future Prospects
The dairy industry in India is poised for substantial growth. According to a report by IMARC Group, the industry reached a size of ₹16,792 billion in 2023 and is projected to grow to ₹49,953 billion by 2032. Premium dairy brands and products sold through direct-to-consumer (D2C) platforms are expected to be at the forefront of this growth. “We see Sid’s Farm emerging as a key player in this space with its commitment to antibiotic-free, hormone-free, preservative-free milk and milk products,” remarked Reihem Roy, Partner at Omnivore.
Strategic Vision and Market Impact
The investment from Omnivore and NSFO not only provides Sid’s Farm with the financial muscle to enhance its operational capabilities but also aligns with the strategic vision of promoting sustainable and high-quality dairy products. The focus on Hyderabad and Bengaluru, two of India’s fastest-growing urban markets, is expected to significantly boost the brand’s market penetration and customer base.
Join Entrepreneur Live WhatsApp News Group: https://chat.whatsapp.com/BdCFMQ8EMDe2soNehCSOxf
Sid’s Farm’s recent funding round is a testament to the increasing consumer demand for high-quality, responsibly sourced dairy products in India. With the backing of prominent investors like Omnivore and NSFO, Sid’s Farm is well-positioned to scale its operations and make a substantial impact in the dairy industry. As the company continues to innovate and expand, it stands poised to meet the needs of health-conscious consumers seeking premium dairy options.
