Sweet Karam Coffee to Raise Rs 30 Crore in Series A Extension

Sweet Karam Coffee, a prominent South Indian food brand, is planning to secure Rs 30 crore ($3.31 million) in its Series A extension round from its current investors, Peak XV Partners and Fireside Ventures. The board of Sweet Karam Coffee has resolved to approve the issuance of 19,221 Series A1 compulsorily convertible preference shares (CCPS) at an issue price of Rs 15,609 per share to achieve this funding, as indicated in a filing with the Registrar of Companies (RoC).

Investment Details and Valuation

Peak XV Partners will spearhead the funding round with an investment of Rs 20 crore, while Fireside Ventures will contribute Rs 10 crore, thereby raising the total amount to Rs 30 crore for this phase. According to estimates from Startup Superb, the company’s valuation is projected to grow by 85% to reach Rs 580 crore (approximately $64 million) post-money, up from Rs 313 crore (around $36.7 million) during its previous $8 million round. Given that both investors are already affiliated with the company, there may be possibilities of further capital injection in the near future.

Use of Funds

The filing highlights that the funds acquired from this round will be directed towards expanding the company’s operational footprint.

About Sweet Karam Coffee

Founded in 2015, Sweet Karam Coffee specializes in authentic South Indian sweets, snacks, and filter coffee, all crafted without palm oil, preservatives, or maida. In addition to these offerings, the company provides condiments, pickles, masalas, and ghee. With a strong online presence, Sweet Karam Coffee sells its products via its website, various e-commerce platforms, and quick commerce services, reportedly serving customers in 32 countries.

Previous Fundraising and Stake Distribution

In April 2025, the company successfully raised $8 million in a Series round led by Peak XV Partners, along with contributions from existing investor Fireside Ventures. Following the latest share allotment, Peak XV Partners and Fireside Ventures will maintain stakes of 24.89% and 29.10% in Sweet Karam Coffee, respectively.

Financial Performance

The company’s operational revenue surged over 4X to Rs 46 crore in FY25, increasing from Rs 11.26 crore in FY24. However, losses also rose significantly, nearly 3.3X to Rs 24.78 crore, up from Rs 7.58 crore.