Companies Economy Live April 6, 2025 0 Comments

Sweet Karam Coffee raises $8 Mn funding led by Peak XV Partners

(L-R) Nanditha, Nalini, Janaki Paati, Srivatsan, Anand, Raghav

Sweet Karam Coffee (SKC), a South Indian food brand, has raised $8 million in Series A funding led by Peak XV Partners, with continued backing from Fireside Ventures, which has doubled down on its earlier investment.

The company plans to use the funds for omnichannel expansion, accelerating new product development, and strengthening its supply chain and brand presence, it said in a statement.

“Quick commerce is bridging distribution like never before, and we’re seeing a beautiful cross-pollination of cultures—our products are now loved not just in the South, but across the country. We’re particularly proud to have led the charge against palm oil from Day 1,” said Nalini, CEO & Co-Founder of Sweet Karam Coffee.

Founded in 2015, Sweet Karam Coffee serves a range of South Indian sweets, snacks, in-house filter coffee blends, and ready-to-eat meal mixes, all made without palm oil or preservatives.

Currently, the brand has a presence in 32 countries and is available in over 2,500 quick commerce dark stores. It has grown 4X in revenue over the last 12 months and aims to grow another 2.5X in the next 12 months.

To support its next phase of growth, SKC has appointed Nandhitha Indermohan (ex-Unilever, ISB alumna) as its Chief Operating Officer. With over 15 years of experience in supply chain and operations, Nandhitha’s expertise is expected to enhance SKC’s operational and strategic capabilities.

Abishek Mohan from Peak XV noted, “The South Indian snacks and sweets market, at over ₹25,000 crore, is large, fast-growing, and undergoing a significant transformation. The shift from unorganized to organized players, rising demand for better-for-you products, and the rapid expansion of modern distribution channels present a powerful opportunity for brands like Sweet Karam Coffee. Nalini and Anand are deeply authentic, mission-driven founders, and we’re thrilled to be a part of their journey.”

Kannan Sitaram from Fireside Ventures added,“Fireside invested in Sweet Karam Coffee for the first time in 2023. Since then we have invested twice more – persuaded by the remarkable all round development of the business. Nalini, Anand, Raghav, Sri and the team have shown strong focus in creating authentic tasting clean label products, terrific execution ability in both e-commerce and offline channels and compelling brand storytelling. What’s even more exciting is the brand’s widespread acceptance—not just among consumers in Southern India and the South Indian diaspora, but across the entire country. We are convinced their journey has just started and a very large iconic brand is in the making”