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

EntrackrEntrackr · 9m 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.

Nothing Before Coffee bags $2.3 Mn in pre-Series A round

EntrackrEntrackr · 2m ago
Nothing Before Coffee bags $2.3 Mn in pre-Series A round
Medial

QSR coffee chain Nothing Before Coffee (NBC) has raised $2.3 million in a pre-Series A funding round led by Prath Ventures, along with participation from SYL Investments. The proceeds will be utilized to establish over 150 of its stores across India by FY26, strengthen the brand’s digital platforms, invest in supply chain optimization and talent acquisition, and experiment with new store formats. Co-founded in 2017 by Ankesh Jain, Anand Jain, Akshay Kedia, and Shubham Bhandari, NBC offers a wide range of beverages, including coffee, shakes, and other specialty drinks, with over 100 items on the menu. The brand aims to be a beacon of inclusivity and a locally priced coffee hub, providing affordable, high-quality coffee to customers. “With strong unit economics and consistent consumer love, we are now well-positioned to scale rapidly. The capital will help us deepen our presence, invest in technology and talent, and unlock the next phase of growth as we work towards becoming India’s most loved and accessible coffee chain,” said Ankesh Jain, Co-founder, Nothing Before Coffee. NBC states that it continues to redefine India’s café culture by focusing on Tier-II and Tier-III cities—a segment largely untapped by premium coffee players. Last year, the brand made its foray into the global market with the opening of its inaugural outlet in Portugal.

Chelvies Coffee raises $1 Mn in pre-Series A round

EntrackrEntrackr · 5m ago
Chelvies Coffee raises $1 Mn in pre-Series A round
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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