Sweet Karam Coffee raises $8 Mn led by Peak XV

Chennai-based South Indian food brand Sweet Karam Coffee (SKC) has raised $8 million in its Series A round led by Peak XV Partners, with existing investor Fireside Ventures also increasing its stake. 

The funding comes almost two years after Sweet Karam Coffee raised $1.5 Mn from Fireside Ventures. 

The proceeds will be used to expand its distribution, launch new products, and improve its supply chain with tech.

Founded in 2015, SKC is known for its authentic sweets, snacks, and filter coffee, which is made without palm oil, preservatives, or maida. It also sells condiments and ghee. The startup sells its products via its website, e-commerce marketplaces, and quick commerce platforms. It claims to serve customers across 32 countries. 

The brand claims to now be delivering to 32 countries and is present in over 2,500 quick commerce dark stores across India. SKC claims to have grown 4X in revenue over the past 12 months and is projected to grow another 2.5X in the next 12 months.

SKC also announced the appointment of Nandhitha Indermohan (ex-Unilever) as Chief Operating Officer to boost execution.