Animal nutrition brand eFeed secures funding from Klub

Animal management and nutrition startup eFeed has secured Rs 1 crore in funding from revenue-based financing platform Klub. The Pune-based company had previously raised $1 million in a seed round led by Omnivore in January 2023. The new funding will be used to expand the company’s capacity from 50 tons to 500 tons to produce enough products to scale in multiple geographies. eFeed offers nutritional supplements for livestock, containing vitamins, minerals, and microbes aimed at enhancing cattle health and milk quality. The company aims to incentivize emission reduction through carbon markets, aligning business objectives with environmental sustainability.

Key Highlights

• Funding Round: eFeed has secured Rs 1 crore in funding from revenue-based financing platform Klub.
• Expansion Plans: The new funding will be used to expand the company’s capacity from 50 tons to 500 tons to produce enough products to scale in multiple geographies.
• Environmental Sustainability: eFeed aims to incentivize emission reduction through carbon markets, aligning business objectives with environmental sustainability.

“Animal nutrition brand eFeed secures Rs 1 crore funding from revenue-based financing platform Klub to expand its capacity and incentivize emission reduction through carbon markets.”

eFeed, co-founded in 2021 by Kumar Ranjan, Ravi Chauhan, and Ankit Patel, specializes in nutritional supplements for livestock. The company offers supplements containing vitamins, minerals, and microbes aimed at enhancing cattle health and milk quality. The new funding of Rs 1 crore from revenue-based financing platform Klub will be used to expand the company’s capacity from 50 tons to 500 tons to produce enough products to scale in multiple geographies.

According to eFeed, it aims to incentivize emission reduction through carbon markets, aligning business objectives with environmental sustainability. The company claims to witness 10X growth in monthly revenue and targets annual revenue of Rs 100 crore in FY25. It also says that it has 1 lakh farmers in its ecosystem, 30% repeat users, and has expanded its wings to Madhya Pradesh and Bihar and aims to reach 10 lakh farmers in 2024.

Klub provides digital businesses with fast and flexible capital without having to dilute equity. Since its inception, it claims to have funded over 600 brands in over 1600 investment rounds. Other prominent players in the animal nutrition space include AgroSonic, MeraPashu360, and Mooo.Farm. eFeed competes globally with companies like Virbac, Nutreco, and Elanco.

Watch the video for more information on fund-raising

In conclusion, eFeed’s successful funding round is a significant milestone in the company’s journey for expansion. The company’s focus on nutritional supplements for livestock and environmental sustainability has positioned it as a leader in the animal nutrition space. With the funding, eFeed aims to expand its capacity to produce enough products to scale in multiple geographies. The company’s focus on incentivizing emission reduction through carbon markets aligns business objectives with environmental sustainability.