Mumbai Angels Network sees valuation uptick from premium tea brand Vahdam Teas which recently raised INR 174 Cr as part of its Series D round
Having raised a total of INR 290 Cr so far, the premium tea brand has currently been valued at INR 700 Cr, will use the funds to expand distribution across online and offline channels 10, September, 2021: Mumbai Angels Network, a premium startup investment platform for early-stage venture investments, has seen an uptick in valuation for its investors from Vahdam Teas , a leading tea brand that has recently raised INR 174 Cr as part of its Series D funding round led by IIFL AMC’s private equity fund. The brand’s existing investors, including a consortium of Sixth Sense Ventures affiliates, the Mankind group family office, Kris Gopalakrishnan’s (Founder, Infosys), family office, Urmin Group, and White Whale Ventures also took part in the round. With a total of INR 290 Cr raised, Vahdam Teas is currently valued at INR 700 Cr. Ms. Nandini Mansinghka , Co-Founder & CEO - Mumbai Angels Network Speaking on the surge in the valuation, Ms. Nandini Mansinghka , Co-Founder & CEO -...
