Manam Chocolate raises $9M Series A to challenge imported Belgian, Swiss brands
Hyderabad-based bean-to-bar maker Manam closes Rs 86 crore round led by Omnivore VC, funding a four-year retail rollout across NCR, Mumbai and Bengaluru. Targets Rs 260 crore by FY28 in a Rs 5,000 crore premium chocolate market where imports hold Rs 4,500 crore.
Hyderabad-based Manam Chocolate raised $9 million Series A led by Omnivore VC to fund a four-year retail rollout across NCR, Mumbai and Bengaluru, targeting India's Rs 5,000 crore premium chocolate market dominated by imported Belgian and Swiss brands.
Why this matters
Manam's Series A marks a scale-up from regional Hyderabad bean-to-bar player to national premium chocolate challenger, taking on imports that hold 90% of the Rs 5,000 crore segment.
Retail-brand activity steady at 1,323 signals over the last 90 days.
Also reported by
- Mint · Companies — Same time