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Funding · Commerce & Consumer Brands

Manam Chocolate in talks for maiden VC round

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Date
Company
Manam Chocolate
What it does
Bean-to-bar craft chocolate maker
Kind
Funding
Amount
$5-10 million
Stage
venture
Based in
Hyderabad
Founded
2023
Sector
Commerce & Consumer Brands

What they do

Manam Chocolate, a Hyderabad-based craft chocolate brand founded in 2023, is in advanced talks to raise its first venture capital round of $5-10 million…

What happened

The company differentiates by starting with the bean to develop true cacao flavor, unlike industrial brands that standardize

Why it matters

The funding would support expansion to several other regions as the craft chocolate movement grows in India

The details

  • Manam Chocolate is in advanced talks to raise its first venture capital round from Omnivore VC.
  • The round size is expected to be $5-10 million, but could be larger if both sides agree on more capital for hyperscaling.
  • Omnivore VC is the lead investor in these negotiations.
  • The funding is likely to be used for general expansion and taking operations to several other regions.
  • Manam and Omnivore did not reply to requests for comment.
  • The company was founded in 2023 and is based in Hyderabad.

The bigger picture

  • The craft chocolate movement in India is still nascent, driven by small-batch bean-to-bar makers.
  • Manam differentiates by not sacrificing the chocolate soul for standardisation, unlike big industrial brands.
  • The company's moat is that it starts with the bean, not the fruit, to develop the true flavour potential of cacao.

About the business

  • Manam Chocolate is a full-stack chocolate brand, from growing its own cacao to operating retail stores.
  • The company is based in Hyderabad, India.
  • It focuses on craft chocolate, making small batches from bean to bar.
  • Manam's approach prioritises flavour development over industrial standardisation.
  • The brand operates its own retail stores as part of its vertical integration.

What happens next

  • Use the funding for general expansion.
  • Take operations to several other regions.

The deal

Type
venture capital

Investors

  • Omnivore VC (lead) — Venture capital firm in talks to lead the round.

About Manam Chocolate

Product
Premium craft chocolate products
Customers
Premium consumers seeking craft chocolate and gifting
How it makes money
Vertically integrated model with retail and D2C channels

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