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News on Medial
The tinkerers who opened up a fancy coffee maker to AI brewing
Arstechnica
·
2m ago
Medial
A group of tech enthusiasts, including Brandon Dixon and Gabriel Levine, have integrated AI technology with the Fellow Aiden coffee maker to enhance precision brewing. Using generative AI like ChatGPT, they developed ways to create detailed coffee recipes and profiles, allowing coffee lovers to experiment with specialty roasts more easily. This innovation democratizes coffee knowledge and fosters exploration of various coffee beans, while still emphasizing the importance of human involvement in the coffee-making process.
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Coffee Mechanics Debuts Immersive Café in Bengaluru, Blending Design, Ritual, and 180 Years of Heritage
StartupTalky
·
16d ago
Medial
Coffee Mechanics has opened an immersive café in Bellandur, Bengaluru, drawing on 180 years of heritage. The café blends design, ritual, and a rich coffee culture to foster community and create an experience-first environment. Featuring single-origin brews and an extensive menu, the space invites slow, meaningful interactions. In addition to coffee, offerings include state-of-the-art brewing tech, in-house bakery items, and a breakfast-focused menu. This flagship location aims to strengthen community connections through coffee and culinary events.
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After US, China struggles, will Starbucks pay the price in India?
Livemint
·
10m ago
Medial
Starbucks has opened its first experimental store in Delhi, India, showcasing a unique menu and locally influenced beverages. The coffee chain, which has 452 stores in India, faces competition from nearly a dozen other coffee chains, including Cafe Coffee Day and Barista. However, Starbucks is confident in the headroom for growth in the Indian market and believes that there is space for multiple coffee chains.
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World's first AI clinic with AI doctor opens in Saudi
Inshorts
·
2m ago
Medial
China's medical AI startup Synyi AI has opened the "world's first AI clinic" in Saudi Arabia, Bloomberg reported. Patients describe their symptoms on a tablet to an AI doctor, "Dr. Hua," who then engages in an interactive consultation and follow-up questions, and analyses additional data like X-rays collected by human assistants. The pilot programme currently focuses on respiratory problems.
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abCoffee raises $3.4 Mn in Series A round
Entrackr
·
1y ago
Medial
Specialty coffee QSR chain abCoffee has raised $3.4 million in its Series A round led by Nexus Venture Partners, with participation from existing investor Tanglin Venture Partners. Earlier to this round, the startup had raised $2 million in its seed round led by Tanglin Venture in September last year. The proceeds will be used to enable abCoffee to ramp up its supply chain and technology stack to bring on-demand coffee beverages at lower prices in quicker time, abCoffee said in a press release. Founded in 2022 by Abhijeet Anand, abCoffee offers a wide variety of freshly brewed coffees at affordable prices and provides all the traditional blends including Americano, Latte, Flat White, Iced Latte, and Irish Cold Coffee. The company boasts a customer loyalty rate of 61%, nearly double the industry average, reflecting its commitment to exceptional service with a turn around time (TAT) of 1.5 minutes. Recently, the brand opened 25 outlets across Mumbai and Delhi within a span of 20 months. The brand is targeting 150 stores by end of 2024. Its competitors include Third Wave Coffee, Blue Tokai, Rage Coffee, Slay Coffee, Sleepy Owl, and Seven Beans Co., among others.
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GRM Overseas buys stake in Sixth Sense Ventures-backed Rage Coffee
VCCircle
·
11m ago
Medial
Indian rice exporter GRM Overseas has acquired a 44% stake in Swmabhan Commerce, the parent company of instant coffee maker Rage Coffee. GRM did not disclose the financial details of the deal, but it becomes the largest shareholder in Rage Coffee's parent. The move is part of GRM's strategy to invest in new-age consumer brands, aiming to generate 20% of its revenue from such companies. Rage Coffee plans to open coffee shops and expand into the brick-and-mortar space. The deal is the first major transaction under GRM's new investment platform.
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Giving fancy packaging to ice-creams & cookies is not start-up: Piyush Goyal
Inshorts
·
4m ago
Medial
Union Minister of Commerce and Industry Piyush Goyal said giving fancy packaging to ice-creams and cookies doesn't make it a start-up. "It is entrepreneurship and a business model," he said at Startup Mahakumbh 2025. "Only 1,000 startups in India's deep-tech space is a disturbing situation," he said, adding that start-ups in other nations are focused on AI and 3D printing.
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abCoffee opens 25 outlets across Mumbai, Delhi
Thehindubusinessline
·
1y ago
Medial
abCoffee, a specialty coffee quick-service restaurant chain, has successfully opened 25 outlets in Mumbai and Delhi within 20 months. Their goal is to establish 150 stores by the end of 2024. The brand aims to make premium specialty coffee accessible to a wider audience through their unique quick-service model. The company also emphasizes community connections and personalized service, boasting a customer loyalty rate of 61%, nearly double the industry average. With 25 more outlets in the pipeline, abCoffee plans to reach the milestone of 50 outlets by April 2024.
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Tech-first VCs line up for new-age consumer firms
Economic Times
·
1y ago
Medial
Nexus Venture Partners, known for its expertise in SaaS, is set to lead a $5 million funding round in specialty coffee brand AbCoffee. This investment will triple the coffee brand's valuation to around $15 million in less than six months. Nexus also plans to invest in lab-grown diamond maker Aukera. Accel, an early investor in Flipkart, is also closing a $12 million round in fast fashion brand Newme. These investments reflect the growing interest of venture capital firms in new-age consumer brands with offline presence.
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Starbucks India to accelerate store expansion after 'tempered' growth period
Livemint
·
15d ago
Medial
Tata Consumer Products Ltd, which operates Starbucks in India, plans to accelerate the coffee chain's expansion after a temporary slowdown in store additions. In the June quarter, the company opened six new outlets, totaling 485 stores. Aiming for 1,000 locations by 2028, Starbucks India also intends to explore more Starbucks Reserve stores. The expansion strategy highlights the company's optimism about the Indian market despite recent tempered growth.
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Kedaara portfolio firm Ajax plans IPO; Rebel Foods-backed Slay Coffee to exit cloud kitchens
VCCircle
·
1y ago
Medial
Kedaara Capital-backed Ajax Engineering is reportedly considering an IPO that could raise around $240 million. The concrete equipment maker is said to be working with advisers to file a prospectus by August and launch the IPO in the fourth quarter. In other news, Rebel Foods-backed Slay Coffee is planning to exit the cloud kitchen space.
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