Stories
How India Sweet House Turned a Dairy Farm Into an ₹83 Crore Empire
- •India Sweet House achieved a revenue of ₹83.10 crore in FY25, driven by its traditional sweets and savouries made with farm-sourced ingredients.
- •The brand originated from Karma Farms, an organic farming venture started by co-founders Vishwanath Murthy and Shwetha Rajashekar, which initially focused on milk and dairy.
- •Surplus milk during the Covid-19 pandemic led the founders to pivot towards making traditional Indian sweets, laying the foundation for the retail brand.
- •Starting with online sales in 2021, the company opened its first physical store in Bengaluru's Malleswaram and has since expanded to over 55 outlets.
- •The company employs a workforce of more than 800 people, primarily women, and raised $1 million in a pre-IPO funding round from Viney Equity Market in October 2024.
Key Questions Answered
India Sweet House traces its roots back to Karma Farms, an organic farming venture established around 2015-16 by co-founders Shwetha Rajashekar and Vishwanath Murthy. The couple managed a 20-acre farm with around 100 cows, initially focusing on milk and dairy products. During the Covid-19 pandemic, challenges with fresh milk demand and glass bottle logistics led them to use surplus milk to make traditional Indian sweets, laying the foundation for the retail brand.
India Sweet House recorded a revenue of ₹83.10 crore in FY25, according to financial data from Tracxn. The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹6.15 crore, while its net profit reached ₹1.83 crore. Additionally, the brand raised $1 million in a pre-IPO funding round from Viney Equity Market in October 2024.
After initially selling its products online through platforms like BigBasket, Metro Cash and Carry, and SPAR India, India Sweet House opened its first physical store in Bengaluru's Malleswaram in 2021. Since then, the brand has expanded significantly into a chain with more than 55 reported outlets.
