Vahdam Teas, an e-commerce startup that sells fresh teas, has raised Rs 174 crore or about $24 million in its Series D round led by IIFL AMC’s Private Equity Fund. Existing backers alongside a consortium of Sixth Sense Ventures affiliates, the Mankind Group Family Office, Kris Gopalkrishnan’s family office, Urmin Group and White Whale Ventures have additionally participated in the round.
With this round, the complete subsidizing raised by Vadham remains at Rs 290 crore.
As per the New Delhi-based organization, the fresh capital will be used to expand its conveyance across omni channels, just as entering new geographies and foraying into new complementary categories.
Founded by Bala Sarda, Vahdam directly sources tea and spices from ranches and estates across India, and furthermore possesses an in-house manufacturing unit in the public capital region. It locally distributes its items across key markets including the US, Canada, and Europe.
The six-year-old organization asserts that it recorded a two-overlay hop in its income in FY 21 and clocked over Rs 160 crore in net revenues, as compared to Rs 70 crore in FY20.
