D2C tea platform, based in Delhi, VAHDAM India, has announced that it has raised Rs 174 crore in Series D funding round led by the private equity fund of IIFL AMC. The round also saw participation from existing investors such as Sixth Sense Ventures and Kris Gopalakrishnan’s family office.
“The pandemic has accelerated our growth, given the shift towards high quality and trusted wellness products, and larger adoption of ecommerce globally. We are excited to have IIFL AMC join our mission of building one of India’s most loved consumer brands in global markets,” stated founder Bala Sarda.
“With the current fundraising, we plan to continue deepening our distribution in key markets, both online and offline. We will also look at entering new categories, new markets, invest heavily in R&D, and further strengthen our management team,” he said.
“VAHDAM is a rare example of a company, which has successfully taken products of Indian origin to global markets. With its superior quality and innovative blends, VAHDAM has been able to create a premium brand and reach out to global consumers via digital channels. It is remarkable that the company, under the leadership of Bala, has been able to execute this by being highly capital efficient and achieving EBITDA profitability,” added Chetan Naik, Fund Manager, Private Equity at IIFL AMC.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.