Sid’s Farm has raised $10 million in a Series A round of funding, while PremjiInvest has led a $130-million Series D funding round in US-based BillionToOne.
Sid’s Farm raises $10m co-led by Omnivore
Dairy brand Sid’s Farm has raised $10 million in a Series A round of funding co-led by Omnivore and Narotam Sekhsaria Family Office (NSFO).
Founded in 2016, Sid’s Farm plans to use the funds to establish a strong presence in Hyderabad and Bengaluru by enhancing manufacturing capabilities to meet the growing demand.
“According to IMARC Group reports, the dairy industry in India reached a size of Rs 16,792 billion in 2023 and is expected to reach Rs 49,953 billion by 2032. Premium dairy brands and products over D2C platforms are expected to lead this growth,” Reihem Roy, Partner at Omnivore, said.
PremjiInvest leads $130m funding in BillionToOne
Indian IT czar Azim Premji’s investment firm, PremjiInvest, has led a $130-million Series D funding round in US-based next-generation molecular diagnostics company BillionToOne.
The round also saw participation from another incoming investor, Neuberger Berman, as well as existing investors including Adam Street Partners, Baillie Gifford, Hummingbird Ventures, Civilization Ventures, Libertus Capital, and Fifty Years.
The funding will be used for expanding and scaling BillionToOne’s prenatal and oncology businesses.
With the latest investment, BillionToOne’s total capital raised to date totals nearly $400 million.