Funding · Commerce & Consumer Brands

Kandeefactory plans $6 million funding for plant

By Startup Enthusiast · 29 April 2026

What they do

Kandeefactory makes candies and marshmallows with zero synthetic additives

It is raising $6 million to build a better-for-you confectionery plant in India

The company is Asia's only manufacturer of vegan marshmallows and has repaid 80% of its debt

Founder Mahesh Dharam started Kandeefactory after a 2010 Goa trip where he saw a ₹100 lollipop and worried about synthetic dyes.
The company makes candies and marshmallows with zero synthetic additives, no synthetic colors or preservatives.
It is 100% vegetarian and vegan, using no animal gelatin.
Kandeefactory's factory extracts water from atmospheric moisture to cook candies, causing zero groundwater stress.
The company has raised ₹3.75 Crores in equity and ₹2 Crores in debt so far.
It has repaid over 80% of its debt through internal accruals and maintains a consistently profitable balance sheet.
Kandeefactory is now raising $6 million to build a better-for-you confectionery plant in India.
It targets retail partnerships with Walmart and European export houses, plus the domestic market.

The company is Asia's only manufacturer of vegan marshmallows.
Founder Mahesh Dharam left a stable high-paying job with two children to start the company.
The funding will help scale production and enter international markets.

Kandeefactory makes candies and marshmallows with zero synthetic additives.
Its products have no synthetic colors or preservatives.
All products are 100% vegetarian and vegan, with no animal gelatin.
The factory extracts water from atmospheric moisture to cook candies, avoiding groundwater use.
It is Asia's only manufacturer of vegan marshmallows.
The company has a consistently profitable balance sheet and has repaid over 80% of its debt.