Two Brothers Organic Farms raises Rs 110 Cr in Series B round

The agritech startup had raised Rs 58.2 crore in its Series A round led by Zerodha cofounder Nithin Kamath’s Rainmatter Foundation in June last year.

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Shashank Pathak
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Direct-to-consumer (D2C) brand Two Brothers Organic Farms has raised Rs 110 crore ($12.5 million) in a Series B round from 360 One Asset, Rainmatter Investments, Narotam Sekhsaria family office, and IGNITE Growth LLP.

The agritech startup had raised Rs 58.2 crore in its Series A round led by Zerodha cofounder Nithin Kamath’s Rainmatter Foundation in June last year.

The proceeds will be used to expand its processing facilities, strengthen supply chains, and increase its product reach in India and overseas markets. It also plans to improve sourcing efficiency, scale up distribution, and invest in technology to support future growth.

Founded by Satyajit and Ajinkya Hange, Two Brothers Organic Farms (TBOF) is a grocery brand that connects farmers and consumers through natural farming, supporting rural livelihoods, biodiversity, and direct farm-to-family food systems worldwide.

The Pune-based company produces and markets organic products including ghee, rice, jaggery, wheat flour, spices, grains, and pulses. It sources from over 5,000 farmers and serves more than six lakh consumers. 

According to the company, about 60% of its revenue comes from its own website and app, 15% from e-commerce marketplaces, 16–17% from quick commerce, and 20% from international sales.

“This funding will enable us to scale quickly and sustainably, both domestically and internationally. With this conscious capital, we aim to increase our presence in Tier 1 and Tier 2 cities across India and expand into new international markets, enabling us to reach more consumers with our clean, traceable food options," said Ajinkya Hange.

The US, Canada, Australia, New Zealand, and the Middle East are its top five markets.

According to Two Brothers Organic Farms, the company ended FY25 with revenues of Rs 108 crore and is targeting Rs 200 crore in the current financial year. Its latest audited financial results are yet to be filed. In FY24, the company recorded a 58% year-over-year growth in revenue to Rs 38.4 crore. 

In the next five years, the firm aims to hit Rs 1,000 crore in annual revenue and collaborate with 50,000 farmers.

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