Bengaluru-based Doodhwaala, a digital milk delivery startup has raised an undisclosed amount in pre-Series A round from Tom Varkey, a partner at US-based hedge fund Stonehill Capital.
The milk delivery startup aims to channelize the funding into technology ramp-up, market expansion, and to increase the team size.
Founded in 2015 by Ebrahim Akbari and Aakash Agarwal, Doodhwala provides milk and household products. The startup provides around 70 varieties of dairy products and claims to offer over a lakh products including eggs, bakery, meat, fruits and vegetables, health drinks, personal care, and hygiene products.
“The infrastructure of fresh milk delivery in India is haphazard despite high demand and supply shortage. This gap makes us essential to milk suppliers and creates dependency on our delivery network. Customer acquisition is also easy and cheap,” said Akbari of Doodhwala.
The company, which launched its operations in Bengaluru, has recently expanded to Pune, and is looking to expand to more cities.
Recently, in daily needs segment, there are couple of other micro-delivery startups who have also raised funding.
Last month, Pune-based online grocery startup RainCan had raised Rs 1.75 crore in its pre-Series A round. The platform enrolls customers in a subscription model under which they offer morning and breakfast essentials such as dairy, meat, bakery, perishables, staples and more on a daily basis.
In May, Subscription-based daily needs platform Supr Daily had raised Rs 10 crore from a consortium of Silicon Valley angels.
Besides, Gurgaon-based Milkbasket is also trying this model in selected areas of the city. The company had raised $500,000 in its pre-Series A funding from EVC Ventures; Zhu Dao Investments and others.