Manam Chocolate banks $9M from Omnivore to scale from 3 to 18 stores in two years

Hyderabad-based craft chocolate maker Manam will use the Omnivore-led round, joined by a Turner Morrison consortium, to 6x its retail footprint, enter new categories and cities. Retail already drives 80% of sales and gifting 65% of revenue, positioning Manam against Paul and Mike, Mason & Co, and Smoor.

— Source publishedThu, 11 Jun, 2026, 12:29 IST·First seen Thu, 11 Jun, 2026, 12:29 IST·Source Entrackr · Newsletter

What happened

Manam Chocolate · Craft chocolate brand Manam raised $9M led by Omnivore with Turner Morrison consortium, to expand from 3 to 18 retail stores across India, add

Key facts

  • $9 million
  • 18 stores
  • 65% revenue from gifting
  • 80% sales from retail
  • 3 stores
  • 250 farmers
  • 3,000 acres

Why this matters

Manam's $9M raise signals consolidation pressure in Indian craft chocolate—watch for tuck-in opportunities among smaller bean-to-bar players who can't match this retail velocity.

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