Two Brothers Organic Farms (TBOF), a direct-to-consumer (D2C) agritech brand, has raised Rs 110 crore ($12.5 million) in a Series B funding round. The round was led by 360 One Asset, Rainmatter Investments, Narotam Sekhsaria family office, and IGNITE Growth LLP. This comes after the startup raised Rs 58.2 crore in Series A from Rainmatter Foundation in June 2024.
Founded by Satyajit and Ajinkya Hange, TBOF connects farmers with consumers through organic farming and farm-to-family supply chains, promoting rural livelihoods and biodiversity. The Pune-based company produces a wide range of organic staples, including ghee, rice, jaggery, wheat flour, spices, grains, and pulses, sourcing from over 5,000 farmers and serving more than six lakh consumers.
The fresh capital will be used to expand processing facilities, strengthen supply chains, improve sourcing efficiency, and scale distribution both domestically and internationally. TBOF also plans to invest in technology and digital infrastructure to support sustainable growth.
Currently, around 60% of the company’s revenue comes from its own website and app, 15% from e-commerce marketplaces, 16–17% from quick commerce channels, and 20% from international sales. Its top five overseas markets include the US, Canada, Australia, New Zealand, and the Middle East.
“This funding will enable us to scale quickly and sustainably, reaching more consumers with clean, traceable food options,” said Ajinkya Hange, co-founder of TBOF.
The company reported Rs 108 crore in revenue for FY25 and aims to reach Rs 200 crore in FY26. With a long-term goal of Rs 1,000 crore in annual revenue, TBOF plans to partner with 50,000 farmers over the next five years, strengthening India’s organic food ecosystem.
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