Toffee Coffee Roasters raises Rs 1-Cr from IAN

Mumbai-based specialty coffee startup Toffee Coffee Roaster has raised INR 1 crore in a seed funding round from the Indian Angel Network (IAN). The round was led by investors such as Hari Balasubramanian, Uday Chatterjee, and Rajeev Sarda. The startup, founded by Nandini Shrivastava, has over 20 SKUs of coffee, including speciality coffee blends, single-origin coffee, fermented coffee, and South Indian filter coffee, among others. The new funds will be used to strengthen its product portfolio and grow its topline 10X in the coming months.