VC Fund Investments
Subko Coffee raises Rs.80-Cr from NKSquared, Blume Ventures, others
Mumbai-based SubKo Coffee has raised INR 80 crore in a funding round led by Zerodha co-founders-backed NKSquared, an existing investor. Several individual investors, along with Blume Ventures and Progressive LLP also participated in the financing round.SubKo Coffee received USD 5.5 million (INR 45 crore) from existing investor NKSquared. The firm has raised the fresh round at a post-money valuation of INR 286.92 crore (USD 34 million). Other existing investors that subscribed via rights issue include Pallavi and Srinivas Dempo, Jay Mehta, Gauri Khan Family Trust, and John & Priya Abraham.Subko Coffee provides caffeinated drinks along with baked bread-pastries and coffee roasters.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
