India, March 26 -- D2C tea brand Vahdam India has raised INR 25 Cr ($3 Mn) in a "strategic" funding round from SIDBI Venture Capital.

In a statement, the startup said that the funding will help it strengthen its balance sheet and cash reserves. Interestingly, it also claimed that it is already well-capitalised, thus the fundraise isn't a part of "formal" funding round.

"Over the past two years, we have focussed on reinforcing our core, optimising our product portfolio, and identifying key levers for scale. The company is also making significant investments in product innovation, R&D, and expanding our in-house manufacturing capabilities. With a sharper focus and a more resilient foundation, we are well-positioned for sustained growth ov...