IIFL led a $24m Series D round in Vahdam.

Synopsis

Investment company IIFL led a $24m Series D round in Vahdam, a tea brand. According to the company, the sum raised will be utilized to expand distribution across online and offline channels, as well as for entering new geographies and foraying into new complementary categories.

Principals

target

VAHDAM

bidder

Iifl Asset Management

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Market Context

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Seller Team (3)

shreeganesh s

Analyst at DC Advisory

Financial Advisor

target

Deal

£ 17 M

Total Value

bala sarda

Founder and CEO at VAHDAM

Manager

target

Deal

£ 17 M

Total Value

meherzad kelawala

Managing Director at DC Advisory

Financial Advisor

target

Deals

£ 278 M

Total Value

Bidder Team (1)

chetan naik

Fund Manager at IIFL ASSET MANAGEMENT

Investor

bidder

Deals

£ 99 M

Total Value

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