Skip to main content

VAHDAM India raises Rs 25 cr from SIDBI Venture Capital to strengthen balance sheet

The company said this equity fund raise is a strategic investment and not part of a formal funding round, as it is already well-capitalized

New Delhi: VAHDAM India, which sells tea, herbs, and botanicals globally, has raised $3 million (around Rs 25 crore) from SIDBI Venture Capital as strategic investment that will help strengthen balance sheet and cash reserves.

The company on Wednesday said this equity fund raise is a strategic investment and not part of a formal funding round, as it is already well-capitalized.

Till date, VAHDAM India, which was formed in 2015, has raised over Rs 200 crore in primary funding.

The investment will further strengthen VAHDAM’s balance sheet and cash reserves.

The company, which posted a turnover of around Rs 225 crore in 2023-24 fiscal, said it is set to close the current fiscal year with strong growth and positive EBITDA.

Commenting on the investment, Bala Sarda, Founder & CEO of VAHDAM India, said: ” The funds raised will strengthen our balance sheet and cash reserves. Over the past two years, we have focused on reinforcing our core, optimizing our product portfolio, and identifying key levers for scale.”

The company is also making significant investments in product innovation, R&D, and expanding the in-house manufacturing capabilities, he added.

With a sharper focus and a more resilient foundation, the company is well-positioned for sustained growth over the next three years, Sarda said.

Arup Kumar, Managing Director, SIDBI Venture Capital, said, “VAHDAM India is a pioneer and a flagbearer of young Indian companies taking homegrown products to the world through a disruptive supply chain model and strong operational capabilities.”

He said SIDBI Venture Capital has invested in VAHDAM as it continues to set new benchmarks in building a resilient and impactful business while driving significant innovation and value creation in India’s agricultural ecosystem.

VAHDAM India sources all products directly from partner farmers across India and manufactures at its own 125,000+ square feet facility.

The brand operates through wholly-owned subsidiaries in key markets such as the US, Canada, the UK, and Europe.

The post VAHDAM India raises Rs 25 cr from SIDBI Venture Capital to strengthen balance sheet appeared first on India Retailing.



from India Retailing https://ift.tt/4HBhU2z
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Eagle Labs launches impirica CBD brand

ST. PETERSBURG, Fla. — Eagle Labs has launched impirica, a new brand of CBD intended to eliminate consumer fear, and increase confidence, in trying the exciting new cannabidiol category. Michael Law Although most Americans have now heard about CBD, many are very confused and concerned about product quality. This is inhibiting trial in the category and holding back conversion into sales. In fact, a 2017 study by Johns Hopkins University found that two out of three CBD products on the shelf did not contain the amount of CBD reflected on the label. Furthermore, in 2018 and 2019, the FDA sent notices to a substantial number of CBD manufacturers advising them of serious concerns about product quality or egregious medical claims. The impirica brand looks different than most CBD brands — the brand name itself connotes testing and trust, says Eagle Labs chief commercial officer Michael Law. “It doesn’t use the traditional category colors of browns and greens, and you won’t find a hemp...
70 comments
Read more

Sagar Daryani, CEO and Co-founder – Wow! Momo & Saga: From a Kiosk to a Kingdom

Sagar Daryani’s entrepreneurial odyssey from humble beginnings to pioneering success has redefined the landscape of food startups in India. Co-founding Wow! Momo, he has spearheaded the growth of the largest indigenous QSR chain in the country, crafting a remarkable saga of triumph The Genesis: A Visionary Venture Takes Root In 2008, armed with a mere Rs. 30,000 and boundless ambition, Sagar Daryani and Binod Homagai embarked on their entrepreneurial journey while still pursuing their graduation in B.Com Hons from St. Xavier’s College, Kolkata, even before their college results were out. They knew the value for money and boot-strapped to plough back profits and grow their venture. Sagar spearheaded brand expansion, brand creation, and marketing and retail operations. Grew across the city with a strong consumer focus. The early days were hard but keeping track of the money flow was even harder. Believing in the concept of ‘1 rupee saved is 5 rupees earned’, and the lessons they lear...
1 comment
Read more

Homegrown ice cream chain HOCCO to open 250 stores, eyes Rs 400 crore by FY26

Ankit Chona, Founder and Managing Director of HOCCO, delves into the company’s revenue model, growth strategies, and vision for the future… Bengaluru: HOCCO (House of Chonas Collaborative) , the Ahmedabad-based ice cream and quick-service restaurant (QSR) chain, boasts a rich legacy spanning over 70 years, with roots tracing back to pre-independence India. The Chona family has been deeply entrenched in the food industry since 1944, originally operating in undivided Pakistan. Following the Partition, Satish Chona , an engineer with British Overseas Airways Corporation, relocated from Karachi to India. After journeying through multiple cities, he ultimately settled in Ahmedabad, where he established his first QSR outlet in 1953. Three decades later, he expanded into the casual dining segment, launching a restaurant in Baroda while continuing the family’s ice cream manufacturing business. However, in 2017, the company sold its ice cream division to a South Korean firm, shifting its fo...
Post a Comment
Read more