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Orios Venture Partners, an early-stage venture capital fund, announced that it has successfully completed a partial exit from its portfolio company Country Delight, achieving an impressive return of 45 times its initial investment.
When we made our investment in 2017, Orios developed a thesis on subscription commerce and interviewed over 40 companies as part of our sector research before selecting Country Delight.
Orios still holds the majority of its investment shares in the company from Fund I.
Founded in 2013, Country Delight is India's premier 'Good for You' food essentials brand with an innovative technology-first direct-to-home model. Starting out with a focus on fresh dairy products, the company quickly expanded its offering to include a wide variety of FMCG products, including bread, eggs, ghee, fruits and vegetables, all produced under its own brand. Did. The company has experienced rapid growth since its inception, raising a total of nine funding rounds, with the latest funding round achieving a valuation of $820 million.
Rehan Yar Khan, Managing Partner of Orios Venture Partners, commented on the withdrawal as follows: 10. We have been doing this since 2008, first as individual investors and as an AIF fund since 2014. The same process led to the identification of Ola and Druva. We believe that great founders in their fields can build extraordinary companies. Country Delight, it has been an honor and a great learning experience to watch Chakradhar and Nitin build the company from his one product to his over 140 products. ”
