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Business Fortune
26 June, 2024
Funds were collected to promote growth in India and the US, foster organic farming, and expand its operations.
Two Brothers Organic Farms has successfully completed its Series-A funding round in the organic farming sector, obtaining an amount of Rs 58.25 crore. Led by Rainmatter and Silicon Valley entrepreneur Raju Chekuri, this marks an essential milestone in the growth plan both in India and the United States.
The funding was initiated by Rainmatter, a program under Zerodha recognized for supporting startups focused on climate and health solutions, with a primary investment of Rs 50 crore. This showcases the supporting services that promote consumer health and sustainable farming.
Raju Chekuri, a Silicon Valley entrepreneur and founder of NetEnrich, being the lead investor, highlights interest in promoting organic farming and healthy food production.
The co-founders of Organic Farms, Satyajit Hange and Ajinkya Hange, shared enthusiasm for the fundraising efforts. These funds collected strengthened their operations, extended market value, and encouraged organic farming among Indian farmers.
Rainmatter’s investment was discussed by Nithin Kamath, founder and CEO of Zerodha, who emphasized a shared aim for healthier food options. Also, supporting startups like Two Brothers Organic Farms, which offers financial gains as well as societal well-being,.
The progress of Two Brothers Organic Farms' previous successes with a notable pre-Series A funding round in April 2023 is being built upon by the latest funding round. The brand is poised for vast expansion and influence in the organic food industry, with goals to support more than 50,000 farmers and achieve Rs 500 crore in the next four years.
Two Brothers Organic Farms will be able to enhance its operations, improve the effectiveness of its supply chain, and look into various growth opportunities for a sustainable future with healthier food options.