Monk fruit D2C brand The Sweet Change clocks Rs 2.6 Cr in sales, 70% via own website

Founded by sisters Manvi Agnihotri and Sheen Hitaishi, The Sweet Change has posted Rs 2.6 crore in sales since March 2025, driven largely by direct-to-consumer channels. Its 30% monk fruit concentration sweetener leans on a website-first model over marketplaces.

— Source publishedThu, 9 Jul, 2026, 07:30 IST·First seen Thu, 9 Jul, 2026, 07:39 IST·Source YourStory · Capital

What happened

The Sweet Change, a D2C monk fruit sweetener brand founded by sisters Manvi Agnihotri and Sheen Hitaishi, has clocked Rs 2.6 crore in sales since March 2025,

Key facts

  • Rs 2.6 crore sales
  • 30% monk fruit concentration
  • 70% DTC website revenue
  • Rs 230 Cr Adage funding

Why this matters

A founder-led monk fruit brand with a defensible DTC channel and a 30% concentration product could be an attractive tuck-in for a health-food or sugar-alternative portfolio seeking direct-to-consumer capability.

What to watch

  • Marketplace listing announcement or offline retail entry
  • Funding round disclosure and valuation
  • Repeat purchase / subscription rate signals
  • New SKU launches or category extensions
  • Competitor monk fruit launches from established FMCG
  • Raise a seed/angel round using DTC economics as the pitch
  • Expand product line beyond single sweetener SKU into recipes/bundles
  • Test quick-commerce (Blinkit/Zepto) for impulse and repeat capture
  • Invest in retention/subscription to defend LTV as acquisition costs climb
  • Build content moat around diabetic/keto and clean-label education