Participated · Series C · Oct 2019

Vahdam India is a six-year-old DTC brand that retails tea, spices and superfoods under a home-grown label across global markets. It directly sources tea and spices from farms and estates and owns an in-house manufacturing unit in the national capital region, leveraging technology to cut out middlemen and disrupt traditional supply chains. The company plans to use new capital to expand distribution across online and offline channels, enter new geographies and complementary categories, invest in R&D and strengthen its management team. Financially, Vahdam more than doubled income in FY21, clocking over Rs 160 crore in net revenues versus Rs 75 crore in FY20, and has achieved EBITDA profitability. Post this round, total funding to date stands at Rs 290 crore and the company’s valuation is about Rs 700 crore. Management targets reaching Rs 500 crore in revenue over the next three years.