VAHDAM India Secures Rs 25 Crore from SIDBI Venture Capital
VAHDAM India, a luxury tea and wellness brand, has raised Rs 25 crore ($3 million) from SIDBI Venture Capital as strategic investment to strengthen its balance sheet and cash kitty. The firm made it clear that this is not a part of an official funding round as it is still well-funded.
Set up in 2015, VAHDAM India has raised over Rs 200 crore of initial funds until now. The most recent fund will boost the firm's balance sheet with added resources while maintaining the upward trajectory in its growth phase. VAHDAM generated around Rs 225 crore of turnover for FY2023-24 and is slated to finish the current fiscal on the basis of impressive growth with EBITDA margin that's in the plus".
On the investment, Bala Sarda, VAHDAM India Founder & CEO, said, "The proceeds raised will consolidate our balance sheet and cash pool. The last two years were spent in strengthening our core, streamlining our product range, and deciding key levers to scale". He further mentioned that the firm is heavily investing in product development, R&D, and developing in-house manufacturing capacity.
Arup Kumar, Managing Director of SIDBI Venture Capital, underscored VAHDAM India's contribution to the promotion of indigenous products across the world through its cutting-edge supply chain. "VAHDAM is a pathfinder in sending Indian products to global markets with robust operating strengths. Our investment is in line with their mission of promoting innovation and value creation in India's agri-ecosystem", he stated.
VAHDAM sources its products directly from partner farmers throughout India and produces them in its 125,000+ square-foot factory. The company has wholly-owned subsidiaries in the main markets, such as the US, Canada, the UK, and Europe.
With a solid foundation and a targeted growth plan, VAHDAM India is poised for continued growth in the next few years.
Set up in 2015, VAHDAM India has raised over Rs 200 crore of initial funds until now. The most recent fund will boost the firm's balance sheet with added resources while maintaining the upward trajectory in its growth phase. VAHDAM generated around Rs 225 crore of turnover for FY2023-24 and is slated to finish the current fiscal on the basis of impressive growth with EBITDA margin that's in the plus".
On the investment, Bala Sarda, VAHDAM India Founder & CEO, said, "The proceeds raised will consolidate our balance sheet and cash pool. The last two years were spent in strengthening our core, streamlining our product range, and deciding key levers to scale". He further mentioned that the firm is heavily investing in product development, R&D, and developing in-house manufacturing capacity.
Arup Kumar, Managing Director of SIDBI Venture Capital, underscored VAHDAM India's contribution to the promotion of indigenous products across the world through its cutting-edge supply chain. "VAHDAM is a pathfinder in sending Indian products to global markets with robust operating strengths. Our investment is in line with their mission of promoting innovation and value creation in India's agri-ecosystem", he stated.
VAHDAM sources its products directly from partner farmers throughout India and produces them in its 125,000+ square-foot factory. The company has wholly-owned subsidiaries in the main markets, such as the US, Canada, the UK, and Europe.
With a solid foundation and a targeted growth plan, VAHDAM India is poised for continued growth in the next few years.
