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Chelvies Coffee raises $1 Mn in pre-Series A round
Entrackr
·
6m ago
Medial
Chelvies Coffee raises $1 Mn in pre-Series A round Coffee and dining experience brand Chelvies Coffee has secured $1 million in a pre-Series A funding round led by Endurance Capital, with an additional $500,000 in debt financing currently in process. The proceeds will be used to establish more than 30 high-street locations across major Indian metros by 2026, enhance existing supply chain infrastructure, develop proprietary food production systems, and strengthen operational teams, Chelvies Coffee said in a press release. Launched in 2023 by Dhruv Singh, Chelvies Coffee is a specialty coffee restaurant brand that combines premium coffee offerings with fresh, high-quality dining options. With six locations across Delhi NCR and Ahmedabad, the company aims to empower the Indian coffee shop experience through its commitment to quality, innovation, and exceptional customer service. The Delhi-based brand offers an extensive menu of over 70 specialty coffee brews, complemented by a curated dining menu that includes burgers, artisanal sandwiches, and pasta—all produced through in-house facilities. The company’s proprietary supply chain system, supported by centralized dispatch units and base kitchens, enables it to deliver a refined experience efficiently and at scale. According to market research, India's cafe industry is projected to grow at a CAGR of 15-20%, reaching $2.6-3.2 billion by 2028. Chelvies claims it has achieved a monthly run rate of INR 1.30 crore, with demonstrated profitability at each store level. The company aims to transform India’s coffee culture with a European-inspired concept that blends premium specialty coffee with an elevated dining experience.
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Snabbit, BPR Hub, Chelvies Coffee, Postudio grab early-stage funding
VCCircle
·
6m ago
Medial
Snabbit, a quick-services app, BPR Hub, a compliance management platform, Chelvies Coffee, and Postudio have each secured early-stage funding. Snabbit raised $5.5 million in a Series A round led by Elevation Capital and Nexus Venture Partners. BPR Hub secured $2.6 million in seed funding from Accel and Kae Capital. Chelvies Coffee raised $1 million led by Endurance Capital. Postudio received $1 million in pre-seed funding from Audacity Venture Capital for expansion and development.
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abCoffee raises $3.4 Mn in Series A round
Entrackr
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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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India Quotient backs furniture startup Furnishka; Ai Health Highway raises $1 mn
VCCircle
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10m ago
Medial
- Furnishka, a furniture retailer based in Bengaluru, has raised Rs 27 crore ($3.2 million) in a pre-Series A funding round, led by India Quotient. - The funding will be used to improve product design, manufacturing, supply chain capabilities, and expand to new locations. - Furnishka aims to expand its product categories, open six large-format stores, and create educational content for customers. - Ai Health Highway, a healthtech startup, has secured $1 million in a pre-Series A funding round. - The funding will be used to strengthen its market position, speed up international regulatory approvals, and enhance AI/ML capabilities in the cardio-respiratory sector.
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Zerodha Cofounders-Backed NKSquared, Others Write $10 Mn Cheque To Subko Coffee
Inc42
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1y ago
Medial
Mumbai-based startup Subko Coffee Roasters has raised INR 85.10 Cr ($10 Mn) in a Series B funding round, led by NKSquared. The funding puts the company's valuation at INR 286.92 Cr ($34 Mn). NKSquared has acquired a 25% stake in Subko Coffee, contributing INR 70 Cr ($8.3 Mn) to the funding round. Subko Coffee offers specialty coffee and cocoa products and has reported significant revenue growth in the past fiscal year. The funds raised will likely be used to further expand the business and compete against other players in the coffee market.
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Ice cream brand Go Zero raises $1.5 Mn
Entrackr
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1y ago
Medial
Ice cream brand Go Zero has raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures, among others. The round also saw participation from notable angel investors such as Arjun Purkayastha. Earlier in August last year, the startup had raised $1 million in its pre-Series A funding round led by DSG Consumer Partners, Saama, and V3 Ventures. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Currently present in 16 cities and over 125 dark stores, Go Zero ice cream brand is available on both quick commerce and e-commerce platforms in less than two years of launch. In FY24, Go Zero claims to have grown 4X compared to FY23 and while it saw 7X growth on quick commerce in just 5 months this summer. Go Zero competes with Hocco and NIC. Last year, NIC had raised $11 million in a growth funding round led by Jungle Ventures whereas Hocco recently raised $12 million from Chona family and others.
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Plant-based kids’ clothing brand Kidbea raises $1 Mn led by VCats
Startup News FYI
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1y ago
Medial
Kidbea, a bamboo-based kids' fashion brand, has secured $1 million in a pre-Series A funding round led by Venture Catalysts. The round also included participation from Agility Ventures, BestVantage Investments, and notable individuals including founders of Droom and a celebrity actor from Japan. The funds will be utilized for marketing, team expansion, operational improvements, R&D, and technology. Kidbea aims to become a Rs 500 crore brand within the next three years and has witnessed significant revenue growth in FY23.
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Blue Tokai raises $35 Mn in Series C led by Verlinvest
Entrackr
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11m ago
Medial
Global investment platform Verlinvest has led a $35 million round in specialty coffee and bakery brand Blue Tokai. Existing investors Anicut Capital and A91 Partners also joined the Series C funding. This strategic partnership will enable Blue Tokai to deepen its presence in existing metro markets and expand into new tier I and tier II cities in India over the next three years, the company said in a press release. In January 2023, Blue Tokai raised $30 million in its Series B funding round led by A91 Partners. Led by co-founders Matt Chitharanjan, Namrata Asthana, and Shivam Shahi, Blue Tokai has partnered with several retail outlets, luxury hotels, restaurants, top corporates, and co-working spaces, among others. In the past 12 months, the company claims to have more than doubled its store count to 130 outlets. The funds will also be used to expand to over 350 locations in the next 30-36 months. Blue Tokai’s revenue from operations surged 72% to Rs 127.45 crore in FY23 from Rs 74 crore in FY22. According to startup data intelligence platform TheKredible, its losses also increased nearly 3.5-fold to Rs 43 crore in FY23, compared to Rs 12.3 crore in FY22. The company is yet to file its annual report for FY24. It competes with Rage Coffee, Third Wave Coffee Roasters, Slay Coffee, Sleepy Owl, and Seven Beans Co., among others. Among venture-funded startups, Third Wave Coffee was the largest brand in terms of revenue in FY23. However, the firm also experienced layoffs of more than 100 employees shortly after a $35 million fundraise in September last year. In March this year, Third Wave Coffee’s CEO Sushant Goel was replaced by Rajat Luthra from KFC. Earlier this week, GRM Overseas acquired a 44% equity stake in Rage Coffee through a combination of primary infusion and secondary buyouts.
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Proptech startup Altre raises $1M in a pre-Series A round
IndianStartupNews
·
2y ago
Medial
Proptech startup Altre has raised $1 million in a pre-series A funding round led by undisclosed institutional investors to use the raised capital to grow technology, capability and teams across the country.
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B2B platform for logistics, industrial sector 13SQFT.com raises $1M led by Gurugram's IPV
IndianStartupNews
·
1y ago
Medial
B2B platform for the warehousing, logistics, and industrial sector, 13SQFT.com, has raised $1 million in a pre-Series A funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm.
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First Coffee raises $1.2 Mn in seed round led by BEENEXT
Entrackr
·
10m ago
Medial
Speciality coffee brand First Coffee has raised $1.2 million in its seed round led by BEENEXT. The round also saw participation from other investors such as Ashish Gupta (Helion Venture Partners), AngelList India, Dr. Ritesh Malik (founder, Innov8), Sahil Malik (founder, Da Milano), Chandini Purnesh (Owner, Harley Coffee Estate), Aman Arora (co-Founder, Board – Keventers), Agastya Dalmia (director, Keventers), Aman Bahel (Apex Group), Nakul Dev Chawla (Art Mumbai) and Dr. Shriram Nene. The proceeds will be used to drive the company’s expansion and bring its premium specialty coffee experience to more locations across the country, the company said in a press release. First Coffee aims to expand its store presence in key urban areas across New Delhi and NCR and tier I cities in North India. First Coffee will focus mainly on small format QSR outlets in high-footfall areas such as malls, corporate parks, high streets and metros. The company is set to open 35 stores across the country by the second quarter of next fiscal year. The funds raised will also be used for hiring and amplifying marketing efforts. Founded by Sohrab Sitaram and Shiv Dhawan in 2024, First Coffee combines design, culture and a new customer experience, with premium coffee. It integrates experiential big data with analysis powered by AI, creating a technology-driven retail model. Using shade-grown coffee and eco-friendly methods like man-made lakes for irrigation and traditional insect traps, First Coffee claims that its coffee is sustainably sourced while providing premium quality. As per Customer Market Insights, the Indian coffee market is projected to reach $1227.47 million by 2032, growing annually at a 9.87% CAGR from 2024 to 2033.
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