Omnivore invests in online milk delivery startup Doodhwala

By February 23, 2018 News

Omnivore invests in online milk delivery startup Doodhwala

Bangalore-based Banger Tech Pvt. Ltd, which operates subscription-based milk and daily essentials delivery startup Doodhwala, has raised $2.2 million (Rs 14.27 crore) from impact venture fund Omnivore, two persons directly familiar with the development told TechCircle.

The sum was raised as an extension to the startup’s pre-Series A funding round, which it secured in August last year. At that time, it was reported that Tom Varkey, a partner at US-based hedge fund Stonehill Capital, had invested in the startup.

The startup raised this round at a post-money valuation of roughly between Rs 50 crore and Rs 55 crore ($7.7-8.5 million), which is a little over three-fold rise from its last funding round, the second person mentioned above said.

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