The premium online tea brand raised $650k seed funds from clutch of eminent investors like Kanwaljit Singh’s Fireside Ventures, Mumbai Angels, Singapore Angel Network, Ananda Ladsariya, and Ajay Pandey.
The company is 100% online and ships Darjeeling tea and other flavored teas to more than 76 countries and uses their funds on focusing on marketing, development of product and to open warehouses in USA.
Vahdam tea doesn’t deliver their products months after packaging as the other companies do; they deliver the tea within 24-36 hours after production. This makes the product fresh and high quality. The trees are grown and nurtured by millions of farmers with immense love, care and passion. This is a process which ultimately helps every farmer get a better price for their produce.
Bala Sarda, founder of Vahdam Tea says “After I joined my family bulk export business, I realized that most of the tea being sold across the world on an average of 12 months after harvest. Even though we grow the finest teas here in India, the absence of a home-grown brand led to a massive dependence of the entire industry on foreign brands, which quickly move to teas from other regions as soon as local farmers increase their price. It was then that I decided to take the plunge with Vahdam Teas with a clear vision of not only to re-introduce consumers across the world to fresh tea.”
Mr. Balvinder Kalsi, Mumbai Angels say’s, “India is the second largest producer of tea globally. Yet, we do not have a truly Indian tea brand selling quality teas in the global markets. We are very excited about what Vahdam has been able to accomplish till now and the large market opportunity in the key overseas markets.”
Mr. Kanwaljit Singh of Fireside Ventures who has also led marketing for 10 years at Lipton, says, “Vahdam is showcasing the best of Indian teas to the world. With the family’s heritage in the tea business is the ideal entrepreneur to realize this opportunity.”
Last year news of tech and aggregators has been buzzing, but this year started off with non-internet startups being funded. Read more Indian Funded Startups.