The South Indian food company Sweet Karam Coffee (SKC), based in Chennai, has raised $8 million in its Series A round, which is being led by Peak XV Partners. Fireside Ventures, an existing investor, has also increased its stake in the company.
Nearly two years have passed since Sweet Karam Coffee raised $1.5 million from Fireside Ventures to secure the funding.
The money raised will be utilized to introduce new products, increase distribution, and upgrade its supply chain using technology.
SKC was established in 2015 and is well-known for its genuine snacks, sweets, and filter coffee—which is made without maida, palm oil, or preservatives. It also sells ghee and condiments. The startup uses quick commerce platforms, e-commerce marketplaces, and its own website to sell its goods. It states that it serves clients in 32 nations.
According to the brand, it is currently available in more than 2,500 quick commerce dark stores throughout India and ships to 32 countries. SKC says its revenue has increased fourfold in the last year and is expected to increase by another two and a half times in the upcoming year.
Nandhitha Indermohan, a former employee of Unilever, was also named Chief Operating Officer by SKC in an effort to improve execution.
