An Indian online tea brand called Vahdam Teas has reportedly raised funds amounting to $2.5 million (Rs 16 Crore) in its third institutional round of fundraising. This round was led by existing investor Fireside Ventures.
With this funding round, the company plans to expand its presence in the US which is one of the largest markets of the company. Also, a part of the funds will be used towards customer acquisition and brand building and also in exploring new markets in India.
The company is based in New Delhi and was founded in 2016 by Bala Sarda. Vahdam Teas is a vertically-integrated, online-first tea brand. The tea is procured directly from 150-200 plantations and tea growers in India and Nepal within 24-48 hours of production.
Bala Sarda, Founder, Vahdam Teas, said, “We are excited to take the next steps in the growth journey at Vahdam Teas. Fireside Ventures has been one our earliest supporters and we are glad to have them back with us in this round as well. We have received tremendous customer appreciation for our teas and plan to keep building on the momentum.”
After proper processing, cleaning and packaging, the teas are transported to international markets within 3 to 12 days. Last time, the company raised $1.4 Mn from Fireside Ventures. The total funds that the startup has raised as of now totals $4.12 million.
Vahdam Teas currently has one warehouse in Delhi and three sourcing centres in Nilgiris, Assam, and Darjeeling. It boasts to provide services to over 200,000 customers in across 85 countries. The company claims to generate all its sales online, primarily from its own website and claims to have grown by 1,000% in the last two years.