Two Brothers Organic Farms (TBOF), the Pune-based D2C agritech brand co-founded by Satyajit and Ajinkya Hange, has raised ₹110 crore ($12.4 million) in a Series B funding round led by 360 ONE Asset, with backing from Rainmatter Investments, Narotam Sekhsaria Family Office, and Rahul Garg of IGNITE Growth Solutions. The new capital will drive expansion in manufacturing, international presence (especially in the US and MENA regions), and farmer training, with the goal of scaling from 5,000 to 15,000 partner farmers and from 6–7 lakh to 25 lakh customers within the next two years.
Funding History and Financial Performance
- Pre-Series A (April 2023): Raised ₹14.5 crore from investors including Bollywood actor Akshay Kumar and cricketer Virender Sehwag, aimed at growing manufacturing and farmer networks.
- Series A (June 2024): Secured ₹58.25 crore ($7 million) led by Rainmatter Capital (Zerodha) and other impact investors. This round supported infrastructure upgrades and technology-led farmer training initiatives.
- Series B (October 2025): ₹110 crore ($12.4 million) led by 360 ONE Asset.
Financials:
- FY24 Revenue: ₹38.4 crore, showing 58% YoY growth.
- FY25 (projected/unaudited): ₹108 crore, with an 85–90% average annual growth rate over the last three years. Ambitious target for ₹200 crore revenue in FY26; long-term vision is to cross ₹1,000 crore in five years.
Main Product Offerings of Two Brothers Organic Farms
Two Brothers Organic Farms is celebrated for its diverse range of chemical-free, natural farm produce—delivered directly from regenerative Indian farms to consumers in 50+ countries:
- A2 Cow Cultured Ghee
- Cold-Pressed Oils
- Khapli Wheat Atta (Emmer Wheat Flour)
- Rice (including regional varieties), Jaggery, Pulses, Grains
- Spices, Superfoods, Single-Origin Honey, Nut Butters, Pickles & Traditional Snacks
TBOF emphasizes deep traceability, minimal processing, and traditional manufacturing, with a 60% D2C split (their own digital platforms) and strong demand from quick commerce, e-commerce marketplaces, and international orders (especially US, Canada, Australia, Middle East).
Competitive Landscape
Two Brothers Organic Farms is part of a vibrant and competitive organic FMCG/agribusiness ecosystem:
- Main Competitors: DeHaat, FarMart, 24 Mantra Organic, Kapiva, GirOrganic, Shahji Ghee, and MTR Foods.
- Others: Vahdam Teas, EatTreat, Waycool Foods and Sattviko.
Each competitor differentiates through factors like product diversity, tech adoption, farmer network scale, or premium export focus, but TBOF’s rapid scaling, high customer retention (70%), and deep D2C model make it a standout in the market.
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Summary:
Two Brothers Organic Farms is setting benchmarks in India’s organic agritech space by combining strong revenue growth, fresh funding, and robust export-driven expansion. Its technology-powered farmer engagement, premium chemical-free SKUs (from ghee to grains), and strong D2C foundation enable it to compete with leading organic players. The latest funding validates investor confidence as TBOF targets ₹200 crore revenue and deeper global market integration in FY26
