Hyderabad, June 13 -- Manam Chocolate, a Hyderabad-based bean-to-bar craft chocolate company, has raised USD 9 million in a Series A funding round led by venture capital firm Omnivore, with participation from the Turner Morrison consortium, as the brand moves to take on imported Belgian and Swiss chocolates in India's fast-growing premium confectionery market.

The company said the fresh capital will be deployed to expand its retail footprint, with an immediate focus on launching new experiential store formats across the Delhi-NCR region over the next 12 months. Further expansion into Mumbai or Bengaluru is planned in subsequent phases. The company aims to increase its revenue from Rs 53 crore to Rs 260 crore.

Founded in 2021 by Chaitany...