Indian craft chocolate maker Manam Chocolate is in advanced discussions to raise its first institutional funding round, targeting $5–10 million (approx Rs. 41–82 crore) in a deal led by venture capital firm Omnivore.
Founded in 2023 by Chaitanya Muppala, Manam has rapidly built brand traction in the premium chocolate segment with a vertically integrated model that spans cacao cultivation, bean-to-bar processing, and its own retail outlets. Unlike mass industrial chocolate producers, Manam focuses on preserving natural flavour profiles of cacao through its craft approach.
Sources familiar with the negotiations say the round could be upsized if both parties agree on aggressive expansion plans. Neither Manam Chocolate nor Omnivore has officially commented on the talks.
If completed, the funding will support expansion of farming operations, scaling production capabilities, and entry into new regional markets, highlighting growing investor interest in differentiated food brands built on traceability and artisanal quality.
