Organic dairy firm Akshayakalpa raises $15 million to expand across India

Akshayakalpa Organic, an organic dairy enterprise, said it is raising $15 million in a Series B funding round from both existing and new investors.

British International Investment (BII), the UK's development finance institution, Rainmatter Foundation, and its existing investor Venture Dairy have joined the Series B financing. The funding would strengthen Akshayakalpa’s efforts for promoting, and growing sustainable and regenerative farming while providing premium organic milk to its consumers. 

Akshayakalpa plans to invest in Bengaluru, Chennai, and Hyderabad markets, and expand into new geographies of Pune, Mumbai and Kochi. It plans to take its organic dairy products across the country.