Milk delivery start up Doodhwala, operated by Bengaluru based Banger Tech Pvt. Ltd, has secured undisclosed amount in pre-Series A funding. The funding was made by Tom Varkey, a partner in American hedge fund company Stonehill Capital.
A press release statement said that Doodhwala will use the much needed capital infusion in upgrading technology, market expansion and increasing the staff headcount. The statement further said that the startup is looking to raise Series A funding pretty soon, but did not provide any fixed timeline for the same.
Established in 2015 by Ebrahim Akbari and Aakash Agarwal, Doodhwala is an app based subscription platform for milk and other array of household products. As of now the company offers delivery services only in Bengaluru and recently included Pune city in its delivery network area. Apart from milk, the other delivery items covered are bakery, fruits & vegetables, meats, personal care etc. On the milk front, the company claims to deliver whopping 70 types of raw and commercial milks.
Doodhwala aims to revolutionize milk delivery in India
While speaking to the media, both co-founders claim that current infrastructure for milk delivery in India is quite disorganized. Describing the infrastructure as inefficient, both cited their startup as a necessity to fill up the huge demand gap prevalent in the market. Both claimed that their company makes one lakh deliveries every single month and they hope to achieve break-even by this year end.
The startup also nurtures the ambition to fast expand to other cities, which is apparently important to gear the company towards higher profitability in near future.
Meanwhile, Doodhwala is not the only startup that is looking to capitalize on the weak milk delivery network across India. Other startup companies such Supr Daily, Milkbasket and Daily Ninja aims to do the same. In fact, Supr Daily managed to raise 1.5 million in June this year and has made quite a splash in the media owing to the fact that both their founders are from IIT (Indian Institute of Technology).
