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

EntrackrEntrackr · 10m 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.

Magicpin’s logistics arm MagicFleet crosses 1 million monthly deliveries

EntrackrEntrackr · 5m ago
Magicpin’s logistics arm MagicFleet crosses 1 million monthly deliveries
Medial

MagicFleet, the logistics vertical of Magicpin, has crossed one million monthly deliveries and aims to double that to two million by the end of FY26. Launched in September 2024, the AI-powered platform claims to have onboarded over 100,000 riders and is currently operational in seven major metros—Delhi NCR, Bengaluru, Pune, Hyderabad, Chennai, Kolkata, and Mumbai. Built to support micro and small logistics entrepreneurs, MagicFleet offers them a tech-enabled stack and consistent delivery demand through ONDC and Magicpin. It features AI-driven tools for smart rider allocation, real-time fleet tracking, surge pricing, RTO and CoD support, and full operational visibility. The platform provides riders with competitive base pay, bonuses, and daily payouts within 24 working hours, helping them earn better and grow their businesses faster. “We are already among the top three food delivery players in the country, and building logistics capabilities is a natural progression to drive more business to our merchant partners. MagicFleet was launched less than a year ago and has already onboarded 1 lakh riders, delivering 1.4 million orders monthly across India’s top cities,” said Anshoo Sharma, CEO and founder of Magicpin. MagicFleet is designed as a SaaS logistics layer for MSMEs and gig entrepreneurs, enabling fleets of any size to plug into food and grocery delivery demand and scale efficiently.

Zomato halts 15-min food delivery service 'Quick' just four months after launch

EntrackrEntrackr · 7m ago
Zomato halts 15-min food delivery service 'Quick' just four months after launch
Medial

Food tech giant Zomato has reportedly removed its 15-minute food delivery tab, Quick, from its main app just four months after its launch, hinting at a possible strategic reset in its approach to ultra-fast meal deliveries. Moneycontrol was the first to report this development. The feature, also available as part of Zomato Everyday, was advertised on the landing page of the main app but is now unavailable in several cities such as Bengaluru, Gurugram, Hyderabad, Mumbai, and more. It is also possible that the company will not entirely phase out the feature and may release another version later. The service offered ready-to-eat dishes from select restaurants located within a two-kilometre radius. However, the option is no longer visible. Zomato Quick accounted for nearly 8% of the total order volume on the app around March. This was Zomato’s second attempt to crack the quick food delivery market under its main app. Its earlier effort – Zomato Instant, launched in 2022 – promised 10-minute deliveries in Bengaluru and Delhi-NCR but was shut down by January 2023. It was later replaced by Zomato Everyday, a home-style meal service with similar delivery timelines. While Zomato no longer offers a quick food delivery option on its main app, it has launched Bistro by Blinkit – a separate service offering fast-moving, ready-to-eat dishes made in Blinkit's network of dark stores. The app focuses on snacks, small meals, and bakery items that can be dispatched rapidly, blending Blinkit’s quick-commerce infrastructure with Zomato’s food delivery know-how. Zomato appears to be shifting its quick-food plans away from its core app and into a more focused play powered by Blinkit's dark store network. The company may be looking to separate rapid-fire snacking from full-fledged restaurant orders. The move comes at a time when the 15-minute food delivery space is flooded with new entrants, such as Zepto, which led the category with Zepto Café in 2022 and now fulfills over 100,000 daily orders through its standalone app – translating to a $100 million annualised GMV.

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