VC Fund Investments
South Indian food brand Sweet Karam Coffee raises $8-M led by Peak XV Partners
Chennai-based South Indian food brand Sweet Karam Coffee (SKC) has raised a Series A round led by Peak XV Partners, with participation from existing investor Fireside Ventures. The new funds will help SKC expand omni channel distribution, accelerate new product development, and bolster its supply chain capabilities, besides strengthening the brand. Veda Corporate Advisors was the exclusive financial advisor to Sweet Karam Coffee in this fundraise.Founded in 2015, SKC sells South Indian sweets, snacks, filter coffee, and everyday essentials. SKC is claimed to have grown its revenues 4x over the past 12 months, and is projected to grow another 2.5X in the next 12 months.
In Sep 2023, Sweet Karam Coffee had raised about USD 1.5 M from Fireside Ventures and Stride Ventures.For FY24, Sweet Karam Coffee had reported about INR 11 Cr in Operating Income and about INR 8 Cr in Net Loss.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
