D2C Brand Manam Chocolate Nets $9 Mn To Expand Retail Footprint
India, June 11 -- D2C premium craft chocolate brand Manam Chocolate has raised $9 Mn (about Rs.86 Cr) in its Series A funding round led by Omnivore, with participation from the Turner Morrison consortium.
The fresh capital will be used to fuel the brand's expansion, including the launch of new retail spaces in the Delhi NCR region over the next 12 months.
Founded in 2021 by Chaitanya Muppala, Manam Chocolate sells premium Indian craft chocolate with more than 300 offerings across 50 categories, including chocolate bars, beverages, desserts and confectionery products.
The brand sources cacao from farmers in Andhra Pradesh and operates across the value chain, spanning fermentation, chocolate making and retail experiences.
In a statement...
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