๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Sweet Karam Coffee raises $8 Mn led by Peak XV

EntrackrEntrackr ยท 11m ago
Sweet Karam Coffee raises $8 Mn led by Peak XV
Medial

Sweet Karam Coffee Raises $8 Mn Led by Peak XV Chennai-based South Indian food brand Sweet Karam Coffee (SKC) has raised $8 million in its Series A round led by Peak XV Partners, with existing investor Fireside Ventures also increasing its stake. The funding comes almost two years after Sweet Karam Coffee raised $1.5 million from Fireside Ventures. The proceeds will be used to expand its distribution, launch new products, and improve its supply chain with tech. Founded in 2015, SKC is known for its authentic sweets, snacks, and filter coffee, which is made without palm oil, preservatives, or maida. It also sells condiments and ghee. The startup sells its products via its website, e-commerce marketplaces, and quick commerce platforms, serving customers across 32 countries. SKC claims to have grown 4X in revenue over the past 12 months and is projected to grow another 2.5X in the next 12 months. SKC announced the appointment of Nandhitha Indermohan (ex-Unilever) as Chief Operating Officer to boost execution.

Related News

Exclusive: Sweet Karam Coffee to top up Series A at 85% valuation premium

EntrackrEntrackr ยท 26d ago
Exclusive: Sweet Karam Coffee to top up Series A at 85% valuation premium
Medial

Exclusive: Sweet Karam Coffee to top up Series A at 85% valuation premium South Indian food brand Sweet Karam Coffee (SKC) is set to raise Rs 30 crore ($3.31 million) in its Series A extension round from existing investors Peak XV Partners and Fireside Ventures. The board at Sweet Karam Coffee has passed a resolution to approve the issue of 19,221 Series A1 compulsorily convertible preference shares (CCPS) at an issue price of Rs 15,609 per share to raise the above-mentioned sum, according to a filing with the Registrar of Companies (RoC). Peak XV Partners will lead the round with an investment of Rs 20 crore, while Fireside Venture Investment will participate with Rs 10 crore, taking the total fundraise to Rs 30 crore in this tranche. As per Entrackrโ€™s estimates, the companyโ€™s valuation is expected to rise by 85% to Rs 580 crore (about $64 million) post-money, from Rs 313 crore (around $36.7 million) in its previous $8 million round. Since both participants are existing investors, the round could see additional capital coming in soon. According to the filings, the proceeds from the round will be utilised towards the expansion of the companyโ€™s business operations. Founded in 2015, SKC offers authentic South Indian sweets, snacks, and filter coffee made without palm oil, preservatives, or maida, along with condiments, pickles, masalas, and ghee. The company sells via its website, e-commerce, and quick commerce platforms, and claims to serve customers across 32 countries. In April 2025, the company raised $8 million in a Series round led by Peak XV Partners, with participation from existing investor Fireside Ventures. Following the allotment of the latest tranche, Peak XV Partners and Fireside Venture will hold 24.89% and 29.10% stake in Sweet Karam Coffee, respectively. The companyโ€™s revenue from operations grew over 4X to Rs 46 crore in FY25 from Rs 11.26 crore in FY24, while losses also increased around 3.3X to Rs 24.78 crore from Rs 7.58 crore.

abCoffee raises $3.4 Mn in Series A round

EntrackrEntrackr ยท 2y 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.

Lighthouse Canton raises $40 Mn led by Peak XV Partners

EntrackrEntrackr ยท 4m ago
Lighthouse Canton raises $40 Mn led by Peak XV Partners
Medial

Lighthouse Canton raises $40 Mn led by Peak XV Partners Lighthouse Canton has raised $40 million in a strategic funding round led by Peak XV Partners, with participation from Nextinfinity, the investment holding company of Shyam Maheshwari (Founding Partner, SSG Capital / Ares SSG). Qatar Insurance Company (QIC), an early investor, also participated. This is Lighthouse Cantonโ€™s first external fundraise and will be used to strengthen technology, expand product capabilities, add senior leadership, and scale operations across new regions. Founded in 2014, Lighthouse Canton operates as a global investment institution with wealth management and asset management businesses. The firm manages over $5 billion in assets across Singapore, India, the UAE, and the UK. Its wealth management division serves high-net-worth individuals, family offices, entrepreneurs, and corporates, while the asset management business offers strategies across hedge funds, private equity, real estate, private credit, venture capital, public markets, and macro. The firm employs more than 200 professionals across Singapore, Dubai, India, and London and serves private clients and institutions with cross-border investment and advisory services.

Grapevine raises $4.1 Mn from Kae Capital, Peak XV, others

EntrackrEntrackr ยท 13h ago
Grapevine raises $4.1 Mn from Kae Capital, Peak XV, others
Medial

Grapevine raises $4.1 Mn from Kae Capital, Peak XV, others Anonymous social media platform Grapevine has raised $4.1 million in funding from Kae Capital, Peak XV Partners, and Ronnie Screwvala. Entrackr had exclusively reported the development in October last year. Prior to this round, Grapevine had raised $2.6 million in its seed round, led by Peak XV Partners. The proceeds will be used to scale both TAL and Round1. The funding was announced by co-founder Saumil Tripathi, alongside the launch of TAL, an AI-powered talent agent that scans job opportunities and recommends relevant roles to users. Founded by Tripathi, Jainam Talsania, and Shreeyash Dharmadhikari, Grapevine started as a networking platform for corporate and startup employees, enabling anonymous discussions around salaries, hiring, layoffs, and workplace culture. The company also operates Round1, an AI-based interview practice platform that allows users to simulate interviews and receive feedback. Grapevine competes with platforms such as Teamblind, Glassdoor, Fishbowl, Levels.fyi, and Reddit. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.

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

EntrackrEntrackr ยท 3m 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 $150โ€“200 billion, while Indiaโ€™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.

Download the medial app to read full posts, comements and news.