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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, and the Narotam Sekhsaria family office.
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.
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, reaching Rs 38.4 crore.
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