Vahdam Teas, a Mumbai Angels Network Portfolio Company Raises Series B

Mumbai, October 9, 2018: Vahdam Teas, a leading online premium tea brand, raises Series B funding from Mumbai Angels Network (MA Network), India’s leading early stage investment platform, alongside Fireside Ventures. Vahdam, an existing portfolio company of the MA Network, had raised their first round of funding from the network in 2016. The Delhi based firm was founded by Fourth Generation tea entrepreneur, Bala Sarda, in 2015 with a vision to providing garden fresh teas directly to consumers across the world.  The brand procures fresh tea from over 150 plantations across Darjeeling, Assam, Nepal and other areas in India, and ships over 100 million cups within 24-72 hours of production to over 85 countries through their online portal. Vahdam Teas  raised  two investment rounds previously which included key investors, Balvinder S Kalsi, Jatin Aneja, and Kishore Ganji of the MA Network. Vahdam Teas will use the additional funding to expand their presence in the US, explore new markets, build their brand, and focus on customer acquisition.  As part of their expansion plans they’ve opened an office in New York and warehouse in Indianapolis; where a majority of their revenues come from. Bala Sarda, Founder, Vahdam Teas, said, “We are excited to take the next steps in the growth journey at Vahdam Teas. MA Network 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. With more investment in our infrastructure, we plan to achieve our vision of making freshest Indian teas available to consumers worldwide, under a home-grown brand which is socially conscious too” “We are thrilled one of our portfolio companies has raised another institutional round and that we are able to continue supporting them.  We believe Vahdam Teas is building an exciting and innovative company through their supply chain of providing fresh teas worldwide. Globally consumers are taking more interest in where their teas come from, how they are manufactured and grown, how the product is supporting local farmers, and how environmentally friendly the product is.  The estimated tea market in the US alone is $12.5 Billion, which is Vahdam’s current largest market, providing a fantastic growth opportunity. Fresh teas also resonate with today's health-conscious millennial consumer; allowing them to stand out, said, MA Network CEO & MD, Nandini Mansinghka.

About Mumbai Angels Network Started in 2006, Mumbai Angels Network (The MA Network) is India’s premier investment platform focused on investments in new ventures. The MA Network is today 300+ members strong across 7 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 800-1000 companies we review every month. The network now has a 120+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing.