D2C tea startup Vahdam raises Rs 174 Cr from IIFL AMC, others

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VAHDAM India has raised Rs 174 crore in Series D funding round led by IIFL AMC's private equity fund. Existing investors including Infosys co-founder Kris Gopalakrishnan's family office and Sixth Sense Ventures, and others participated in the round.

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Vahdam India procures teas directly from plantations and manufactures in-house. The startup operates in the wellness space with turmeric, matcha, and immunity-boosting teas, among other categories.The tea brand said it will use the funding to increase online and offline penetration, enter new geographies, and to develop new product categories.