Manam Chocolate Secures $9 Million in Funding Led by Omnivore VC

Manam Chocolate Secures $9 Million in New Funding

Manam Chocolate, a Hyderabad-based craft chocolate company, has successfully raised $9 million in a funding round led by Omnivore VC, with additional investment from Turner Morrison. The funding, finalized on June 11, 2026, will support the company's ambitious plans for expansion across India.

Company Overview

Founded by Chaitanya Muppala, Manam Chocolate is dedicated to creating a unique Indian Craft Chocolate™ experience. The company is involved in every step of the chocolate-making process, from cacao sourcing and fermentation to crafting and retailing. Manam offers a wide range of products including chocolate bars, gifting boxes, and beverages, which are available both online and in physical stores.

Expansion Plans

The newly acquired funds will be instrumental in expanding Manam Chocolate's retail presence and product offerings. Currently, the company operates three retail locations in Hyderabad and Delhi NCR, including the Manam Chocolate Karkhana in Banjara Hills and the Manam Chocolate Beverage Bar in Hyderabad's Knowledge City. With plans to increase its store count to 18 over the next two years, the company aims to enter new markets and broaden its product categories.

Use of Funds

The $9 million investment will be allocated primarily towards expanding the retail network, adding new product lines, and entering new geographical markets. This strategic move is expected to enhance the company's footprint within India, catering to the growing demand for premium chocolate experiences.

Market Context

The funding round comes at a time when premium chocolate brands in India are diversifying beyond traditional packaged bars. There is a rising trend towards gifting, beverages, and experiential retail formats, which Manam Chocolate plans to capitalize on. Notably, chocolate and gifting products currently contribute about 65% of the company's revenue, highlighting the potential for growth in these segments.

Conclusion

With the backing of Omnivore VC and Turner Morrison, Manam Chocolate is poised to strengthen its position in the Indian chocolate market. The company's focus on quality and innovation in craft chocolate, combined with its expansion plans, positions it well for future growth.