PE-VC Fund Investments
Coffee chain AbCoffee raises Rs.61-Cr led by Kliff Ventures
Mumbai-based specialty coffee company abCoffee has raised INR 61 crore in a Pre-Series B round led by Kliff Ventures, with participation from Hero Enterprise Partner Ventures, Merisis Venture Fund and Stride Ventures.Founded in 2022 by Abhijeet Anand, abCoffee is a grab-and-go coffee chain that operates more than 90 outlets across Mumbai, Delhi NCR and Bengaluru.The company plans to use the funds to expand its presence in existing and new markets in Mumbai, Delhi NCR and Bengaluru and to strengthen technology, customer engagement, subscriptions, supply chain, product innovation and backend infrastructure.
Between Aug 2023 and Mar 2024, abCoffee had attracted about $5.4 M from Nexus Venture Partners, Tanglin Venture Partners, OTP Ventures, Panthera Peak Ventures, and others.
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