MUMBAI, 10 February 2024: Early-stage venture capital firm Orios Venture Partners announced a successful partial exit from its portfolio company, Country Delight, generating a remarkable 45 times return on its initial investment.

This impressive exit highlights Orios' expertise in identifying promising startups and supporting their growth to achieve significant scale.

Orios invested in Country Delight in 2017, recognizing the potential of the company's innovative subscription-based model for delivering fresh, high-quality dairy products directly to consumers. This investment stemmed from Orios' deep belief in the potential of subscription commerce, evidenced by their thorough analysis of over 40 companies before selecting Country Delight.

Since then, Country Delight has experienced phenomenal growth, expanding its offerings beyond dairy to include a diverse range of daily essentials like bread, eggs, fruits, vegetables, and more. This expansion, coupled with a tech-driven approach, has propelled the company to a valuation of $820 million in its latest funding round.

"We are thrilled to have achieved such a significant return on our investment in Country Delight," said Rehan Yar Khan, Managing Partner at Orios Venture Partners. "This exit underscores our commitment to identifying exceptional founders and businesses with the potential to disrupt their industries. We remain confident in Country Delight's continued success and maintain a majority stake in the company."

Chakradhar Gade, CEO and Co-founder of Country Delight, expressed his gratitude for Orios' early support and belief in the company's vision. "Orios has been an instrumental partner in our journey, providing valuable guidance and resources as we scaled our business," he said. "We are excited to continue working with them and achieving even greater milestones in the future."

This successful exit adds to Orios' impressive track record of generating outsized returns for its investors. It further strengthens the firm's position as a leading early-stage VC player in India, known for its ability to identify and support high-growth startups across various sectors.

Key takeaways:

• Orios Venture Partners achieved a 45X return on its partial exit from Country Delight.
• This underscores Orios' expertise in identifying promising early-stage startups.
• Country Delight has grown significantly since Orios' investment, expanding its product offerings and achieving a $820 million valuation.
• Orios remains a major investor in Country Delight and believes in its continued success.