Direct-to-consumer (D2C) brand Two Brothers Organic Farms has secured Rs 110 crore ($12.5 million) in a Series B funding round from 360 One Asset, Rainmatter Investments, the Narotam Sekhsaria family office, and IGNITE Growth LLP.
Earlier, the agritech venture had raised Rs 58.2 crore in its Series A round led by Zerodha cofounder Nithin Kamath’s Rainmatter Foundation in June last year.
The company will use the fresh capital to expand its processing units, strengthen supply chains, and increase product reach across India and global markets. The company also intends to boost sourcing efficiency, strengthen distribution networks, and invest in technology to fuel future growth.
Satyajit and Ajinkya Hange founded Two Brothers Organic Farms (TBOF), a Pune-based grocery brand that directly connects farmers with consumers through natural farming practices, promotes rural livelihoods and biodiversity, and builds farm-to-family food systems worldwide.
The company manufactures and sells organic products such as ghee, rice, jaggery, wheat flour, spices, grains, and pulses, sourcing from over 5,000 farmers and catering to more than six lakh customers.
According to company data, the company generates about 60% of its revenue from its own website and app, earns 15% through e-commerce marketplaces, secures 16–17% from quick commerce platforms, and contributes the remaining 20% from international markets.
“This funding will enable us to scale quickly and sustainably, both domestically and internationally. With this conscious capital, we aim to increase our presence in Tier 1 and Tier 2 cities across India and expand into new international markets, enabling us to reach more consumers with our clean, traceable food options,” said Ajinkya Hange.
The firm’s top international markets include the US, Canada, Australia, New Zealand, and the Middle East.
According to TBOF, the company closed FY25 with Rs 108 crore in revenue and is now targeting Rs 200 crore in the current financial year. However, its audited results are yet to be filed. Furthermore, in FY24, the company reported a 58% year-on-year increase in revenue to Rs 38.4 crore.
Over the next five years, TBOF plans to reach Rs 1,000 crore in annual revenue and partner with 50,000 farmers.
