Manam Chocolate secures $9 million in Series A funding to expand its retail presence to 18 stores over the next two years.
Agritech venture capital firm Omnivore led the round, joined by the Turner Morrison consortium.
The company utilizes a vertically integrated model, sourcing raw cacao fruit from over 250 farmers across 3,000 acres in Andhra Pradesh.
The investment positions Indian cacao as a high-quality, resilient alternative amidst global climate pressures and commodity volatility in traditional supply chains.
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