Two Brothers Organic Farms, an organic foods D2C brand, has raised ₹110 crore in a Series B funding round from 360 ONE Asset, Rainmatter Investments, Narotam Sekhsaria Family Office and Rahul Garg (ex-Premji Invest Senior Partner) of IGNITE Growth LLP.
The funds raised will be used to expand its manufacturing capabilities, increase its international reach, scale its operational capacity, support team growth, enhance technology, and improve farmer engagement and training.
Previously, Two Brothers Organic Farms had raised ₹58.2 crore in its Series A round led by Zerodha cofounder Nithin Kamath’s Rainmatter Foundation in June last year.
Founded in 2014 by Ajinkya Hange and Satyajit Hange, Two Brothers Organic Farms runs an organic farm where they breed indigenous cows and grow fruits, vegetables, processed foods and dairy products organically.
The company has already made a significant mark in over 50 countries, focusing on providing traceable, clean food to consumers.
Two Brothers Organic Farms is an omnichannel brand that has grown over 8x in the past 3 years and offers 100+ products, such as the A2 Cultured Ghee, Khapli Atta & Cold-pressed Oils, among others.
Two Brothers Organic Farms has crossed a ₹200 crore ARR, and continues to expand its retail footprint in India & scale its operations overseas while maintaining a solid unit economics, ~10% CM2.
Two Brothers Organic Farms is focused on building inventory to cater to the growing demand in Qcom and Ecom platforms, ensuring they meet the increased consumer appetite during this peak season.
The company is also scaling its production capabilities in preparation for a significant increase in revenue over the next six months.
Two Brothers Organic Farms aims to hit ₹1000 crore in annual revenue and collaborate with 50,000 farmers by the next five years.
Satyajit Hange, Co-Founder of Two Brothers Organic Farms, said, “We are thrilled to have the support of such esteemed investors who align with our vision to make food systems more transparent and sustainable. Their conscious capital will help us to not only scale our manufacturing processes but also penetrate international markets. Our commitment to regenerative agriculture continues to guide us as we work to bring cleaner, more sustainable food choices to homes worldwide.”
Ajinkya Hange, Co-Founder of Two Brothers Organic Farms, said, “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.”
Sumit Jain, Senior Fund Manager & Strategy Head – Mid Stage Venture, 360 ONE Asset, said, “We are excited to partner with Two Brothers Organic Farms, a company that not only demonstrates remarkable business potential but also prioritizes sustainability and innovation. Their focus on regenerative agriculture and the transparency of their food system make them a standout in the organic food space. We look forward to supporting TBOF’s growth and helping them scale new heights, both domestically and internationally.”
Dinesh Pai, Head, Rainmatter Investments, said, “In a country where about 45% of the workforce is employed in agriculture, Two Brothers Organic Farm’s approach to building a more sustainable and transparent food system is a game-changer. Their deep-rooted commitment to regenerative farming and empowering local farmers makes them an exceptional investment. We’re excited to support their expansion and growth as they lead the way in transforming the global food industry.”
Narayanan Venkitraman, Head – Private Equity, Narotam Sekhsaria Family Office, said, “We have always believed in supporting visionary entrepreneurs who are driving meaningful change in sectors with the potential for long-term impact. Two Brothers Organic Farms has the vision and the operational rigor to transform the food system, and we’re thrilled to help fuel their journey as they scale and expand across the globe.”
Rahul Garg, Founder and Managing Partner, IGNITE Growth LLP, said, “Two Brothers Organic Farms is redefining the food and farming sector. They are building one of India’s most loved brands in the premium food staples space, backed by excellent product quality, clean label products, and impactful brand communication driven by the founders personally. I have been proud to be working with them closely as mentor and advisor for the last 12 months, and continuing the journey in the future by doubling down in this round also. We are proud to be part of their success and to back a company that is creating positive change in the food industry.”
