Manam Chocolate
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Founders
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
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“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↩↩↩
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“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↩↩↩
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“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/↩↩↩