Sid’s Farm Raises $10 Million in Series A Funding from Omnivore and Narotam Sekhsaria Family Office
- ByStartupStory | June 25, 2024
Sid’s Farm, a Direct-to-Consumer (D2C) dairy brand, has successfully raised $10 million in a Series A funding round co-led by Omnivore and the Narotam Sekhsaria Family Office (NSFO). The investment marks a significant milestone for the Telangana-based startup, which plans to leverage the funds to strengthen its market presence in Hyderabad and Bengaluru by enhancing its manufacturing capabilities to meet the rising demand for high-quality dairy products.
Founded in 2016 by Dr. Kishore Indukuri, an alumnus of IIT Kharagpur, Sid’s Farm is recognized for its commitment to delivering mass premium dairy products. The startup controls the entire value chain of its offerings by sourcing milk directly from farmers and ensuring rigorous quality testing throughout the supply chain to guarantee nutrient-dense, additive-free products.
“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. We strongly believe that there is an opportunity to serve over 1,00,000 families every day in these two markets alone,” said Dr. Kishore Indukuri.
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 new capital will also be used to build a robust team and attract and retain top talent across various functions within the company. As Sid’s Farm scales its operations, the focus remains on maintaining the high standards of quality and safety that have defined the brand.
“According to a report by IMARC Group, the dairy industry in India reached a size of ₹16,792 billion in 2023 and is expected to reach ₹49,953 billion by 2032. Premium dairy brands and products over D2C platforms are expected to lead 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,” said Reihem Roy, Partner at Omnivore.
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