Funding News: VAHDAM India Secures Rs 25 Crore from SIDBI Venture Capital

Startup: VAHDAM India

Founder: Bala Sarda

About us: A legacy of over 90 years in the Indian tea industry and a eureka moment is what led to the creation of VAHDAM® India. The traditional supply-chain was disrupted, technology was put to good use, and the glory of handpicked Indian teas, spices and superfoods was put on the map, courtesy of a homegrown brand with a world bound take. No unnecessary middlemen. Straight from India’s divine gardens to your cups. And it all started with a young man’s pursuit to make his country’s native wellness wisdom accessible to the entire world, through an honest and ethical route.

Founded Year: 2015

Office: New Delhi, Delhi NCR

Sector: Food and Beverage Services

Funding Round: Strategic investment

Investors: SIDBI Venture Capital

News: VAHDAM India, a luxury tea and wellness brand, has raised Rs 25 crore ($3 million) from SIDBI Venture Capital as strategic investment to strengthen its balance sheet and cash kitty. The firm made it clear that this is not a part of an official funding round as it is still well-funded.

Set up in 2015, VAHDAM India has raised over Rs 200 crore of initial funds until now. The most recent fund will boost the firm's balance sheet with added resources while maintaining the upward trajectory in its growth phase. VAHDAM generated around Rs 225 crore of turnover for FY2023-24 and is slated to finish the current fiscal on the basis of impressive growth with EBITDA margin that's in the plus".

On the investment, Bala Sarda, VAHDAM India Founder & CEO, said, "The proceeds raised will consolidate our balance sheet and cash pool. The last two years were spent in strengthening our core, streamlining our product range, and deciding key levers to scale". He further mentioned that the firm is heavily investing in product development, R&D, and developing in-house manufacturing capacity.

Website: https://www.vahdam.in/

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