In a Series D investment round headed by IIFL AMC’s private equity fund, Delhi-based VAHDAM India raised Rs 174 crore. The investment included existing investors such as Infosys co-founder Kris Gopalakrishnan’s family office, Sixth Sense Ventures, and others.
The direct-to-consumer (D2C) tea company plans to utilise the funds to expand its online and offline presence, expand into new areas, and develop new product categories, according to the company. Vahdam has raised around Rs 290 crore so far.
Vahdam India, founded in 2015 by Bala Sarda, sources teas directly from plantations and makes them in-house. Turmeric, matcha, and immunity-boosting teas are among the products offered by the wellness firm.
“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,” Chetan Naik, Fund Manager, Private Equity at IIFL AMC, said in the release by the company.