Orios Venture Partners Achieves Remarkable Returns of 45X from Portfolio Company Country Delight
Orios Venture Partners, an early-stage Venture Capital Fund, recently announced its successful partial exit from its portfolio company, Country Delight. The company achieved remarkable returns equivalent to 45 times its initial investment. This achievement highlights the fund’s expertise in identifying and investing in promising startups.
Selecting Country Delight: Orios’ Thesis on Subscription Commerce
When Orios made its investment in Country Delight back in 2017, the fund had a clear thesis on subscription commerce. During its sector study, Orios met with over 40 companies to find the perfect fit. Ultimately, they selected Country Delight, recognizing its potential for growth and innovation in the food essentials market.
Country Delight: India’s Premier “Good for You” Food Essentials Brand
Founded in 2013, Country Delight quickly established itself as India’s premier “Good for You” food essentials brand. The company’s innovative tech-first direct-to-home model proved to be a game-changer in the industry. Starting with a focus on fresh dairy products, Country Delight expanded its product offerings to include bread, eggs, ghee, fruits, vegetables, and more. With impressive growth since its inception, the company raised multiple funding rounds and reached a valuation of $820 million in its latest round.
Rehan Yar Khan’s Perspective on the Exit
Rehan Yar Khan, Managing Partner at Orios Venture Partners, shared his thoughts on the successful exit from Country Delight. He emphasized the fund’s dedication to identifying exceptional companies at early stages. Khan revealed that Orios reviews thousands of companies each year and ultimately invests in only a handful. He also mentioned that this thorough process led to the discovery of other successful startups like Ola and Druva. Khan expressed his admiration for Country Delight’s founders, Chakradhar and Nitin, and their ability to build a company with a wide range of products.
Conclusion
Orios Venture Partners has achieved significant returns from its investment in Country Delight, showcasing its expertise in selecting and nurturing successful startups. Country Delight, with its tech-first direct-to-home model, has become India’s premier “Good for You” food essentials brand and experienced rapid growth. Congratulation to Orios Venture Partners and Country Delight on their successful partnership.
Analyst comment
Positive news. The market is likely to see increased interest in subscription commerce and food essentials startups as a result of Orios Venture Partners’ success with Country Delight. Investors may seek out similar innovative companies for potential investments.
