Two Brothers Organic Farms Secures Rs 58.2 Crore Investment from Nithin Kamath's Rainmatter

Two Brothers Organic Farms, a pioneering agritech startup, has successfully secured Rs 58.2 crore in an equity funding round. The round was led by Nithin Kamath’s Rainmatter Foundation, co-founder of Zerodha, with participation from Silicon Valley entrepreneur Raju Chekuri, founder of the cybersecurity firm NetEnrich. This significant investment will fuel the company's ambitious plans for growth and expansion.

Strategic Growth and Expansion Plans

The Pune-based company intends to utilize the newly acquired capital to bolster its business operations in India and the United States. The funding will support the exploration of new demand-side opportunities and the expansion of supply-side operations. Co-founders Satyajit Hange and Ajinkya Hange shared their excitement, saying, "We are glad to have like-minded individuals and organizations participate in this fundraising effort, especially our lead investors Nithin Kamath of Zerodha and Raju Chekuri, who understand and support our vision for the organic food business in India and abroad."

Empowering Farmers and Consumers

Two Brothers Organic Farms, founded in 2014, produces and sells a range of organic farm products under the brand Amor Earth, including cow ghee, moringa powder, jaggery, wheat flour, and tur dal. The co-founders emphasized the transformative impact of the funding, stating, "This substantial funding will empower us to cater to our consumers in India and help us assist Indian farmers in embracing organic farming practices. The funding has been a revolution of sorts as we have always wanted patient and conscious capital to support our growth."

Previous Funding and Celebrity Endorsements

This latest funding round follows an earlier round in April 2023, where Two Brothers Organic Farms raised Rs 14.5 crore. Notable investors in that round included Bollywood actor Akshay Kumar and cricketer Virender Sehwag. The involvement of these high-profile personalities has significantly boosted the company's visibility and credibility.

With the new capital, Two Brothers Organic Farms aims to maintain a profitable growth trajectory, targeting a revenue of Rs 500 crore within the next four years. The company also plans to support over 50,000 farmers, helping them transition to organic farming practices. Nithin Kamath highlighted the dual benefits of their investment, saying, "We’ve not only invested in them but also are customers - enabling feedback for them. It's amazing that the Two Brothers’ team works with small farmers and improves their livelihood."

The successful funding round marks a major milestone for Two Brothers Organic Farms, setting the stage for significant growth and impact in the organic food sector. With a clear vision and strong support from investors, the company is poised to revolutionize organic farming in India and expand its footprint in the global market.