Sid's Farm Raises $10 Mn in Series A Funding, Appoints New CTO

Sid's Farm, a dairy startup based in Telangana, has recently secured $10 Mn (INR 83 Cr) in Series A funding, just a week after appointing Sunil Potturi as its new Chief Technology Officer (CTO). The funding round was co-led by Omnivore and Narotam Sekhsaria's family office.

The startup plans to utilize the freshly raised funds to strengthen its manufacturing capabilities, build its team, and expand its operations in Hyderabad and Bengaluru. Sid's Farm, founded in 2016 by Kishore Indukuri, currently serves around 20,000 customers on a daily basis, offering a range of dairy products including milk, ghee, butter, curd, paneer, buttermilk, and lassi. With the latest funding, Sid's Farm aims to accelerate its growth in Hyderabad and Bengaluru, targeting over 100,000 families in these two markets alone.

The company operates in the direct-to-consumer (D2C) space, focusing on superior quality, a sustainable ecosystem, and strong relationships with farmers. The appointment of Sunil Potturi as CTO is expected to further drive the startup's growth. Potturi brings a wealth of experience in consulting, product development, strategy, and operations management. He has previously held notable roles, including co-founder and CEO at Cintelio, which was later acquired by High Radius. Potturi expressed his excitement about joining Sid's Farm, stating that he has been a customer and investor in the brand and is proud to see a local city brand expanding its reach across India.

Sid's Farm faces competition from other brands in the market, such as Country Delight, Akshayakalpa, Milky Mist, and MilkLane. These brands also emphasize quality and direct-to-consumer delivery models. This recent funding round comes over a year after Sid's Farm raised $1 Mn in a bridge funding round from investors including Abhinav Gorukanti, Cogniphy, and Hapgrow, among others. In conclusion, Sid's Farm's successful Series A funding round and the appointment of a new CTO indicate the startup's commitment to growth and expansion.

With its focus on quality and direct-to-consumer delivery, the future looks promising for Sid's Farm as it aims to serve more customers and expand its presence in Hyderabad and Bengaluru. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.