Manam Chocolate

Summary active Updated Jun 12, 2026

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Location Hyderabad, India
Founded 2021
Latest Stage Series A
Total Raised $9M

Founders

Chaitanya Muppala Founder

About

Manam Chocolate is a Hyderabad, India-based craft chocolate brand operating a vertically integrated, “farm-to-bar” model that sources Indian-grown cacao from Andhra Pradesh and runs its own fermentation, manufacturing, and retail experiences 12. Founded in 2021 by Chaitanya Muppala, the company aims to showcase Indian cacao through bean-to-bar chocolate products 23. As of the June 2026 raise, Manam operated three retail outlets across Hyderabad and the Delhi-NCR region, with plans to expand to 18 stores over the next two years 13.

Funding History

Date Round Amount Lead Co-investors
2026-06-11 Series A $9M Omnivore Turner Morrison consortium 123

What Investors Say

No independently sourced investor quotes found at time of writing.

What Founders Say

No independently sourced founder testimonials found at time of writing.

Sources


  1. “Craft chocolate startup Manam raises $9 mn to expand retail footprint,” Business Standard, June 11, 2026. Accessed June 2026. https://www.business-standard.com/companies/news/craft-chocolate-startup-manam-raises-9-mn-to-expand-retail-footprint-126061101364_1.html

  2. “Manam Chocolate bags $9 million to expand retail footprint, deepen farm-to-bar operations,” Storyboard18, June 11, 2026. Accessed June 2026. https://www.storyboard18.com/amp/brand-marketing/manam-chocolate-bags-9-million-to-expand-retail-footprint-deepen-farm-to-bar-operations-100802.htm

  3. “D2C Brand Manam Chocolate Nets $9 Mn To Expand Retail Footprint,” Inc42, June 11, 2026. Accessed June 2026. https://inc42.com/buzz/d2c-brand-manam-chocolate-nets-9-mn-to-expand-retail-footprint/