Funding · Agriculture & Food Systems

Akshayakalpa Organic raises Rs 175 crore Series D

By Startup Enthusiast · 18 March 2026

What they do

Akshayakalpa Organic delivers organic milk and dairy products directly to consumers

It raised Rs 175 crore in Series D funding led by ABC Impact Fund, with participation from Rainmatter and others

The round includes a secondary component, allowing early investors Venture Dairy to exit

Akshayakalpa Organic is raising a Rs 175 crore Series D round.
The round is primary capital (new shares issued to raise money for the company).
ABC Impact Fund is the lead investor, investing Rs 101 crore through IMP2 Growth Pte Ltd.
Rainmatter is participating with Rs 21 crore.
Asha Ventures and Catamaran Ventures are each investing Rs 16 crore.
Existing investors Waterfield Fund, Pratithi Growth Fund, and A91 Partners are also participating.
The round includes a secondary component (existing shareholders sell their shares; no new money reaches the company), with ABC Impact Asia facilitating exits for early investors Venture Dairy and others.
The company was reportedly in talks to raise Rs 350 crore in this round.

The company's FY25 revenue was Rs 387 crore, growing 38% year-on-year.
Its net loss in FY25 was Rs 27.3 crore, stable compared to the prior year.
The post-money valuation is estimated at Rs 1,600–1,700 crore.
The funds will be used for working capital and expansion.

Akshayakalpa Organic delivers organic milk and dairy products directly to consumers (D2C).
It serves 60,000+ consumers daily in Bengaluru, Hyderabad, and Chennai.
Its products are available in 2,000+ retail outlets and on major e-commerce and quick commerce platforms.
The company reported FY25 revenue of Rs 387 crore and a net loss of Rs 27.3 crore.

ABC Impact Fund (lead) — Impact investment fund based in Singapore.
Rainmatter (participant) — Investment platform focused on health and wellness.
Asha Ventures (participant) — Venture capital firm.
Catamaran Ventures (participant) — Investment firm founded by N.R. Narayana Murthy.
Waterfield Fund (existing) — Existing investor.
Pratithi Growth Fund (existing) — Existing investor.
A91 Partners (existing) — Existing investor.