SIDBI Venture Capital has invested USD 3 million, which comes to about Rs 25 crore in the direct-to-consumer (D2C) tea company VAHDAM India. The business has previously raised more than Rs 200 crore, or almost $25 million, in main funding. According to a press release from VAHDAM India, the investment would further enhance its cash reserves and balance sheet.
Bala Sarda founded VAHDAM India in 2015 with the goal of creating a domestic Indian brand that would reach customers worldwide by supplying the best teas, herbs, and botanicals from India. Its own facility manufactures all of its products, which are supplied directly from partner farmers around India. Key markets like the USA, Canada, the UK, and Europe are served by the brand's wholly-owned subsidiaries.
VAHDAM India claims that it has concentrated on strengthening its core, streamlining its product line, and figuring out important levers for scaling during the last two years. Additionally, the business is investing heavily in R&D, product innovation, and increasing our internal manufacturing capacity. It hopes to grow steadily over the next three years with a more focused approach and a stronger base.
According to VAHDAM India, it is also expected to end the current fiscal year with positive EBITDA and robust growth. The company has been growing its offline distribution network, and it just launched its teas and botanicals in more than 2,000 Walmart locations nationwide, marking a significant milestone. The company is expected to end the fiscal year 2024–2025 with EBITDA profitability and net revenues exceeding Rs 265 crore.
