The financial significance of the round is highlighted by the projected leap in the company’s valuation. Sources indicate that Akshayakalpa’s valuation is set to jump by nearly 3X, soaring from Rs 590 crore three years ago to an anticipated Rs 1,500 crore (roughly $180 million) in the current cycle. In addition to the lead investor, the round is expected to attract other high-profile capital, with Infosys founder Narayana Murthy’s family office, Catamaran Ventures, reportedly also in talks to invest, adding significant financial credibility to the transaction.

The planned Rs 350 crore fundraise is structured as a mix of primary and secondary capital. Approximately Rs 200 crore will be utilized as primary capital to directly fuel the company’s expansion and innovation strategies. The remaining Rs 150 crore will be used for secondary share sales, enabling existing investors to exit or monetize their stake. Notably, Venture Dairy, a U.S. and U.K.-based investor specializing in dairy companies, is selling its entire stake in the company to facilitate the entry of the new, incoming investors.

Akshayakalpa has earmarked the substantial primary capital for aggressive geographical and product expansion. The company, which currently services Bengaluru, Chennai, and Hyderabad, is actively setting up operations to launch in two major new markets: Mumbai and Pune. Simultaneously, the funding will be used to significantly expand its product portfolio, which currently includes organic staples like milk, curd, cheese, butter, ghee, and buttermilk, with a sharp focus on growing its stock keeping units (SKUs) in high-demand segments like the high protein category and ragi-based snacks.