Vahdam Teas, an India-based e-commerce startup that sells fresh tea in international markets, has closed a new financing round as it looks to expand its presence in the U.S. and Europe.
The three-year-old startup said it has raised $11 million in its Series C financing round. The round, which according to a person familiar with the matter valued the startup at about $40 million, was led by Sixth Sense Ventures. Existing investor Fireside Ventures, which has put money in a number of consumer-facing brands, also participated in the round.
Mankind Group Family office, Infosys co-founder Kris Gopalakrishnan, SAR Group Family office, Zomato co-founder Pankaj Chaddah and Urmin Group family office also participated in the new financing round. The startup, headquartered in New Delhi and New York, has raised about $16 million to date.
The startup was founded by 28-year-old Bala Sarda, who comes from a tea industry family. Vahdam Teas operates an eponymous e-commerce platform, and also works with giants such as Amazon, to sell tea directly to consumers in the U.S., Europe and other international markets.
Vahdam Teas cuts the middlemen suppliers to reduce the time it takes to ship tea to consumers. “If you look at
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