The Week that Was: Indian Startup News Overview (7th December- 13th December)


 

Funding News: Toffee Coffee Roasters Raises Rs 5 Crore in Pre-Series A Round

Startup: Toffee Coffee Roasters

Founders: Rishabh Nigam and Nandini Shrivastava

About us: Founded in 2019 in Bandra, Mumbai, Toffee Coffee Roasters was started by two coffee enthusiasts with a promise to serve freshly roasted coffee at peak flavor. Roasting in small batches and selling coffee within 48 hours, the brand focuses on high-quality, responsibly sourced beans. From a small Bandra roastery, it has expanded to key retail locations and now serves single-origin coffees and signature blends across India, earning top ratings from Zomato and WhatHot.

Founded Year: 2019

Office: Mumbai, Maharashtra

Sector: Food and Beverage Services

Funding Round:  Pre-Series A 

Investors / Shareholders: Inflection Point Ventures (IPV)
Toffee Coffee Roasters, a fast-growing specialty coffee brand, has raised Rs 5 crore in a pre-Series A funding round led by Inflection Point Ventures (IPV), with participation from 66 bridge partners, Abhijit Vemuganti, and Invesst. The Mumbai-based startup, previously featured on Shark Tank India and backed by Ritesh Agarwal, plans to use the capital to expand operations, upgrade its backend roastery, improve packaging, and launch new products.
Website: http://www.toffeecoffeeroasters.com