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Coffee-first beverage brand Drickle raises Rs 6 Cr in seed round

EntrackrEntrackr · 2d ago
Coffee-first beverage brand Drickle raises Rs 6 Cr in seed round
Medial

Bengaluru-based coffee-first beverage QSR brand Drickle (formerly BONOMI) has raised close to Rs 6 crore in seed funding through equity. The round saw participation from multiple angel investors and operators, including Param Kandhari, Naresh Krishnaswamy, Abhinav Mathur, Hemanshu Jain, Vinay Bhopatkar, Vaibhav Sisinty, Dalvir Suri, and Rishit Jhunjhunwala. Shaili Chopra also participated via Ideabaaz. In April 2025, Drickle had earlier raised Rs 5.3 crore with an additional Rs 50 lakh coming in as an extension of the round via Ideabaaz. The fresh capital will be used to expand Drickle’s outlet network in Bengaluru, strengthen backend manufacturing, build leadership and operations teams, and invest in marketing and brand building. Founded by Rahul Nijhawann and Vardhman Jain, Drickle operates seven compact-format outlets across Bengaluru. Each outlet spans 150–200 sq ft and is clustered within micromarkets to drive high-frequency consumption. The brand operates in the Rs 100–150 price range. Drickle follows a coffee-first model, offering fresh-brewed flavoured coffees, while also selling matcha, boba, and Thai tea beverages. The brand runs an owned backend manufacturing facility in Bengaluru, producing coffee brewing solutions and key ingredients in-house. This allows Drickle to operate asset-light outlets without espresso machines and maintain tighter control over margins and supply chain.

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Exclusive: Subko Coffee raises Rs 80 Cr led by NKSquared

EntrackrEntrackr · 1y ago
Exclusive: Subko Coffee raises Rs 80 Cr led by NKSquared
Medial

Subko Coffee has raised Rs 80 crore in a new round led by Zerodha co-founders-backed NKSquared, said two sources aware of the investment. Several individuals along with Blume Ventures and Progressive LLP also participated in the financing round. “NKSquared has put in around Rs 70 crore whereas the remaining Rs 10 crore came from other investors,” said one of the sources requesting anonymity as talks are yet to be public. The company has received $5.5 million (Rs 45 crore) and NKSquared has already invested Rs 34.2 crore, according to the Subko Coffee regulatory filings with the Registrar of Companies (RoC). Blume Ventures and Progressive Strategies LLP collectively invested Rs 4.75 lakh. Pallavi Dempo, Suprapadh S Manohar, John Abraham, Kalpathi Ratna, and Suparna Gupta also took part in the financing round. As per sources, NKSquared has also acquired a 25% stake in the Mumbai-based firm. Subko Coffee has been valued at around $35-40 million (post-money), said the person quoted above. Queries sent to Subko Coffee NKSquared and Subko Coffee didn’t elicit any immediate response. We will update the story in case they respond. NKSquared was incorporated by Kamath brothers in 2019 but it became active last year and backed a few companies, including Nazara Games. Subko Coffee provides caffeinated drinks along with baked bread-pastries and coffee roasters. According to its filings, several celebrities such as Gauri Khan, Tiger Shroff, and others invested in the company between June 2022 to December 2023. Subko Coffee has been growing at a rapid clip and this could be evident from its growth in the last fiscal year. Its revenue spiked 94% to Rs 13.57 crore in FY23 from Rs 7 crore in FY22 while the firm’s losses stood at Rs 9.86 crore in the same period. Subko Coffee competes with Third Wave Coffee, Blue Tokai, Rage Coffee, Slay Coffee, Sleepy Owl, and Seven Beans Co. Notably, Third Wave Coffee is also backed by Zerodha’s co-founder Nikhil Kamath.

Malaki raises Rs 5.7 Cr in seed round led by Venture Catalysts

EntrackrEntrackr · 8m ago
Malaki raises Rs 5.7 Cr in seed round led by Venture Catalysts
Medial

Malaki, a premium beverage brand, has raised Rs 5.7 crore ($669K) in its seed round led by Venture Catalysts. Maarc Ventures and the Dadachanji Family Office also participated. The proceeds will be used to expand Malaki’s presence in quick commerce, premium hospitality, and scale its Crystal Bottle product. It plans to strengthen its online channels, sustainability initiatives, and presence in major metro markets such as Delhi NCR, Hyderabad, Jaipur, and Bengaluru. Founded in 2020 by Mohit and Ashish Bhatia, Malaki offers products such as tonic waters, alkaline waters, sparkling waters, and ginger ales, packaged in sustainable glass bottles. The brand gained visibility after appearing on Shark Tank India and is known for its patented Crystal Bottle design. Malaki currently operates in over 500 premium HORECA outlets and has partnerships with brands like Singapore Airlines, Ritz Carlton, and Hyatt in cities like Mumbai, Pune, and Goa. Venture Catalysts, which has backed startups like Beardo, Pee Safe, and BharatPe, sees strong growth potential in Malaki. The Indian premium beverage market is expected to grow rapidly, driven by consumer demand for healthier and sustainable alternatives.

First Coffee raises $1.2 Mn in seed round led by BEENEXT

EntrackrEntrackr · 1y ago
First Coffee raises $1.2 Mn in seed round led by BEENEXT
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.

DOBRA raises Rs 1.5 Cr in seed round from D2C Insider Super Angels Fund

EntrackrEntrackr · 5m ago
DOBRA raises Rs 1.5 Cr in seed round from D2C Insider Super Angels Fund
Medial

DOBRA raises Rs 1.5 Cr in seed round from D2C Insider Super Angels Fund DOBRA, a food and beverage brand, has raised Rs 1.5 crore in its seed funding led by the D2C Insider Super Angels Fund. The round saw participation from D2C founders and operators, marking the brand’s first institutional raise. The proceeds will be used to scale across modern retail outlets, food service channels, quick commerce platforms, and direct-to-consumer sales. Founded by Oxbow Brands, DOBRA is known for playful products such as pop goli soda, artisanal cotton candy, and tapioca crisps, which blend nostalgia with premium quality. Rahul Johar, co-founder of Oxbow Brands, said the funding is more than capital, it is an endorsement from entrepreneurs who have built category-defining consumer brands in India. “D2C Super Angels bring battle-tested insights that will help us scale faster,” he added. The brand aims to tap into India’s $170 billion FMCG market by offering differentiated, experience-led products that appeal to young, urban consumers. With this raise, DOBRA will strengthen operations, expand its product line, and deepen consumer trials, while laying the groundwork for international growth. D2C Insider provides funding and support to early-stage D2C startups and has a network of over 10,000 founders. The Super Angels Fund, introduced in October last year, focuses on investments in consumer-focused startups.

That Sassy Thing raises Rs 6 Cr in seed round led by IPV

EntrackrEntrackr · 9m ago
That Sassy Thing raises Rs 6 Cr in seed round led by IPV
Medial

That Sassy Thing, a women-first sexual wellness brand, has raised Rs 6 crore in its seed round led by Inflection Point Ventures (IPV). Other participants include Bala Sarda (Vahdam Teas), Saurabh Munjal (Lahori Zeera), Kirti Jangra (Animall Technologies), and Chandigarh Angels Network. Founded in 2021 by Sachee Malhotra and Himanshu Bhalla, the company offers products like full-body massagers, lubricants, and intimate washes. It also provides free sex education through online masterclasses. The proceeds will be used to expand product lines, improve brand positioning, and increase distribution through new channels. The startup claims to have seen 200% year-on-year growth and served over 50,000 customers across India. Products are available on their website and platforms like Blinkit, Zepto, and Swiggy Instamart, as well as select cafés in Delhi NCR. According to market research, the Indian sexual wellness market is expected to reach Rs 24,000 crore by 2030.

Fashion brand Outzidr raises Rs 30 Cr in seed round from Stellaris

EntrackrEntrackr · 9m ago
Fashion brand Outzidr raises Rs 30 Cr in seed round from Stellaris
Medial

GenZ women-focused fashion brand Outzidr has raised Rs 30 crore ($3.49 million) in a seed funding round led by Stellaris Venture Partners. The proceeds will be used to build its brand and strengthen its supply chain to hit an annualised revenue run rate of Rs 100 crore in the next 6-8 months. Founded in 2024 by Nirmal Jain, Mani Kant Mani, and Justin Mario, Outzidr creates stylish clothes for young women to wear to parties, dinners, or when going out. According to the company, it first tests new designs in small batches, sees which ones people like the most, and then quickly produces more of the popular ones. Outzidr claims to have launched over 3,000 styles on its website and adds 2,000 new ones every month. The brand hopes to become the go-to fashion destination for Gen Z women seeking stylish, affordable outfits for travel, college, parties, and more. It also plans to deepen its presence across both its own D2C platform and marketplaces like Myntra, Nykaa Fashion, and Ajio.

Toffee Coffee Roasters raises pre-Series A round led by IPV

EntrackrEntrackr · 1m ago
Toffee Coffee Roasters raises pre-Series A round led by IPV
Medial

Toffee Coffee Roasters raises pre-Series A round led by IPV Coffee brand Toffee Coffee Roasters has raised Rs 5 crore in pre-Series A funding round led by IPV along with participation from 66 bridge partners, Abhijit Vemuganti and Invesst. The startup was also featured on Shark Tank India and backed by Ritesh Agarwal. The proceeds will be utilized for expansion of operations, enhancing and expanding the backend roastery, improving packaging quality, and new product development as the brand continues to expand its portfolio. Co-founded in 2019 by Rishabh Nigam and Nandini Shrivastava, Toffee Coffee Roasters started as a specialty coffee cafe in Mumbai. During the 2020 lockdown, the brand pivoted to delivering freshly roasted coffees across India. It has since scaled to over 2 lakh customers through various channels and operates out of a 10k sqft roastery. The global coffee market is valued at $150–200 billion, while India’s coffee market stands at around $2 billion, showing a promising CAGR of over 20 percent. The company focuses on high-quality sourcing, roasting, and blending, ensuring better quality at competitive prices. Toffee Coffee Roasters currently produces over 5 tonnes of coffee monthly, aiming to scale production to 50 tonnes, which could support Rs 8-10 crore in annual revenue and reach 8-10 lakh customers. The company holds around 1-2% market share in the overall coffee category.

Consumer food brand Yu raises Rs 55 Cr in Series B round

EntrackrEntrackr · 1y ago
Consumer food brand Yu raises Rs 55 Cr in Series B round
Medial

Consumer food brand Yu has raised Rs 55 crore ($6.5 million) in a Series B round co-led by Ashish Kacholia and the Asian Promoter Group. The company claims to have provided an exit to some of its seed-stage investors, who have realized over 4x returns on their investments. The fresh funds will be used to ramp up distribution and strengthen its food portfolio while also expanding its beverage range with newly launched 100% fruit juices, Yu said in a press release. Co-founded in 2021 by Bharat Bhalla and Varun Kapur, Yu is an omni-channel consumer brand that offers a range of instant food and beverage products using 100% natural ingredients. Initially, the brand started with instant cup noodles and pasta but has since expanded to ready-to-cook noodles, pastas, and natural beverages containing no concentrate or added sugar. Yu claims to have developed an omni-channel distribution network with an offline presence in over 7,500 stores across India. The brand is available pan-India on all Q-commerce platforms (Blinkit, Swiggy Instamart, and Zepto) and E-commerce channels (Amazon, Flipkart Grocery, Dmart Ready), as well as in institutional segments (Akasa Air, SpiceJet). It has also entered the South African market, where its products are now sold in over 2,000 retail outlets.

House of Zelena raises Rs 7 Cr in Seed round

EntrackrEntrackr · 4m ago
House of Zelena raises Rs 7 Cr in Seed round
Medial

House of Zelena raises Rs 7 Cr in Seed round Mom-wear brand House of Zelena has raised Rs 7 crore ($800K) in a seed funding round co-led by Sprout Venture Partners and M Venture Partners, with participation from GSF and other angels. This round follows the company’s earlier angel round bringing the total fund raise to $1.2 million. The proceeds will be deployed towards strengthening supply chain capabilities, driving innovation across their various maternity apparel offerings, and deepening the brand’s mom-first ecosystem through community-building and technology integrations, House of Zelena said in a press release. Co-founded in 2022 by Hina Priyadarshini and Mayank Kamal, House of Zelena aims to redefine maternity and postpartum wear by designing from the mother’s perspective. Unlike baby-first brands, it focuses on women’s bodies, comfort, and their emotional journey. The brand has already introduced first-of-its-kind products such as postpartum sculptwear leggings, bump-friendly loungewear, and leakproof innerwear. Over the last two years, House of Zelena has built a thriving mom community of more than 2.5 lakh mothers across India and generated over 45 million monthly organic impressions across the brand’s website. “House of Zelena was born from that gap: to create clothing that adapts to women’s real needs, and an ecosystem that makes them feel supported, inside and out,” said Hina Priyadarshini, co-founder of HOZ. The brand is also preparing to expand its offline engagement through community events and its upcoming SafeToFeed café campaign. In September 2025, it will unveil a refreshed brand identity designed to deepen its connection with India’s growing mom community.

abCoffee raises $3.4 Mn in Series A round

EntrackrEntrackr · 1y ago
abCoffee raises $3.4 Mn in Series A round
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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