Grab-and-go coffee chain abcoffee has raised Rs 61 crore ($6.39 million) in a pre-Series B funding round led by Kliff Ventures. The round also saw participation from Hero Enterprise Partner Ventures, Merisis Venture Fund, and Stride Ventures. The company said the fresh proceeds will be used to expand across existing and new markets, strengthen supply chain and backend operations, enhance technology infrastructure, and invest in subscriptions, customer engagement, and product innovation. Founded in 2022 by Abhijeet Anand, abcoffee operates over 90 outlets across Mumbai, Delhi-NCR, and Bengaluru through compact grab-and-go store formats. The startup claims its revenue doubled in FY26, while store-level EBITDA rose 193.2% year-on-year. It also reported a repeat customer rate of 60%. According to the company, more than half of its takeaway orders are now placed through its app, while its subscription platform currently pre-sells over 40,000 beverages every month. The company has also expanded its product portfolio with matcha beverages and protein coffee offerings under its Procaff brand. abcoffee competes with players such as Third Wave Coffee, Blue Tokai, Rage Coffee, Slay Coffee, Sleepy Owl, and Seven Beans Co., among others. In March 2024, the startup had raised $3.4 million in its Series A round led by Nexus Venture Partners, with participation from existing investor Tanglin Venture Partners. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
