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Manam Chocolate raised a $9 Mn Series A round in June 2026. India's chocolate market, valued at $2.9 Bn in 2024, is projected to reach $5.5 Bn by 2033. Startups focus on bean-to-bar craftsmanship, backward integration, and global ambitions. Cocoa prices surged from $2,500-3,000 per tonne in 2023 to over $12,000 per tonne in late 2024.
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