Manam Chocolate, a D2C premium craft chocolate brand, raised $9 million in its Series A funding round led by Omnivore, with participation from the Turner Morrison consortium, the company announced. The Hyderabad-based startup plans to use the fresh capital to expand its retail presence, including launching new stores in the Delhi NCR region over the next 12 months, according to inc42.com.
Founded in 2021 by Chaitanya Muppala, Manam Chocolate offers over 300 products across 50 categories, including chocolate bars, beverages, desserts, and confectionery. The brand sources cacao from more than 150 farmers cultivating 3,000 acres in Andhra Pradesh and operates across the value chain from fermentation to retail. It opened its flagship experiential centre, Manam Chocolate Karkhana, in Hyderabad in 2023 and launched a beverage bar there in 2025. In June 2026, it expanded to New Delhi with a flagship store in Saket, inc42.com reported.
The funding round highlights growing consumer demand for premium Indian craft chocolate and supports Manam Chocolate’s vision to establish West Godavari in Andhra Pradesh as a globally recognised origin for fine-flavour cacao. The brand’s integrated approach—from sourcing to retail—distinguishes it in the expanding Indian chocolate market, which has seen increased interest in artisanal and origin-specific products, according to inc42.com.
Manam Chocolate’s Series A round will accelerate its retail expansion plans, including new outlets in Delhi NCR. The company’s footprint now includes its flagship experiential centre in Hyderabad and the recently opened Saket store in New Delhi, marking key milestones in its growth trajectory, inc42.com stated.