Pune-based direct-to-consumer (D2C) brand Two Brothers Organic Farms (TBOF) has successfully raised INR 110 crore (approximately $12.5 million) in a Series B funding round. The round saw participation from 360 One Asset, Rainmatter Investments, the Narotam Sekhsaria family office, and IGNITE Growth LLP.
This follows the company’s Series A round of INR 58.2 crore last year, led by Zerodha co-founder Nithin Kamath’s Rainmatter Foundation. The new funds will be used to expand processing facilities, strengthen supply chains, and broaden product reach both in India and international markets.
Focus on Sustainable Growth and Technology
Founded by Satyajit and Ajinkya Hange, Two Brothers Organic Farms operates on a farm-to-family model, connecting over 5,000 farmers to consumers. The company promotes natural farming, biodiversity, and supports rural livelihoods.
The brand produces and markets a range of organic products including ghee, rice, jaggery, wheat flour, spices, grains, and pulses. Around 60% of its revenue comes from its own website and app, while 15% comes from e-commerce marketplaces, 16-17% from quick commerce, and 20% from international sales, with the US, Canada, Australia, New Zealand, and the Middle East being its top international markets.
Strong Revenue Growth and Ambitious Plans
The company reported INR 108 crore in revenue for FY25, with a target of INR 200 crore for the current financial year. TBOF recorded a 58% year-over-year growth in FY24, generating INR 38.4 crore.
Looking ahead, Two Brothers Organic Farms plans to collaborate with 50,000 farmers and achieve INR 1,000 crore in annual revenue over the next five years, highlighting a strong growth trajectory in the Indian organic food market.
The company also intends to invest in technology, improve sourcing efficiency, and scale its distribution networks, aiming to meet the rising consumer demand for clean, traceable, and sustainably sourced food products.
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