abCoffee Bags Rs.61 Cr To Expand Offline Footprint
India, May 25 -- Specialty coffee chain abCoffee has raised Rs.61 Cr (about $6.4 Mn) in its Pre-Series B funding round led by Kliff Ventures with participation from Hero Enterprise Partner Ventures, Merisis Venture Fund and Stride Ventures.
With the latest capital infusion, the startup's total funding has crossed $11 Mn, including its previous $3.4 Mn Series A round led by Nexus Venture Partners.
The fresh capital will allow the coffee chain to expand its presence across both existing and new markets in Mumbai, Delhi NCR and Bengaluru.
A portion of the funding will also go towards strengthening tech, customer engagement, subscriptions, supply chain strengthening, product innovation and backend infrastructure upgrades.
Founded in 2022 ...
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