Akshayakalpa Organic supplies organic milk and related products to over 60,000 consumers daily across Bengaluru, Hyderabad, and Chennai through a direct-delivery platform and is also stocked in about 2,000 retail outlets and major e-commerce/quick-commerce platforms. The company was founded by GNS Reddy and Shashi Kumar and is Bengaluru-based. It recently moved to expand its ESOP pool by adding fresh options worth Rs 5 crore, taking total ESOP value to Rs 22.6 crore (about $2.75M). Akshayakalpa’s reported revenue from operations rose 66% to Rs 191 crore in FY23 (from Rs 115 crore in FY22), while losses grew 89% to Rs 36 crore in FY23. The company was valued at approximately Rs 590 crore (about $72M) post-allotment according to the filing-sourced estimates. Akshayakalpa is reportedly in talks to raise $25 million as part of its ongoing Series C process. Akshayakalpa Organic, founded in 2010 and based in Bengaluru, produces organic milk and milk products free from antibiotics, synthetic additives and chemical pesticide residues. The company works with 750 farmer families and reaches over 60,000 consumers daily via a direct delivery platform, 2,000 retail outlets and e-commerce channels. It employs about 550 people across India. Akshayakalpa reported net sales of Rs 117 crore in FY 2021-22, up from Rs 103 crore the prior year. Management plans to ramp up direct distribution, onboard more retailers and expand footprints across Pune, Mumbai, Kochi and other southern regions while scaling delivery density. The company also plans new product launches over the next two to three years and is targeting export markets including the US, Canada and the Middle East.

Total raised

$27M

Funding rounds

2

Latest round

Series C

Latest activity

Jan 2024