With cooperation from current investor Tanglin Venture Partners, Nexus Venture Partners led the $3.4 million Series A investment for coffee QSR chain abCoffee.
The capital raised will help abCoffee expand its supply chain and technological infrastructure to provide on-demand coffee drinks more quickly and at a reduced cost.
Abhijeet Anand, Founder and CEO of abCoffee, said, “We continue to remain extremely capital efficient, leverage supply chain optimisation and continue to innovate new products for the masses.”
abCoffee takeaway specialty coffee outlets located across Mumbai and Delhi brew 100% specialty coffee, thoughtfully roasted to suit the Indian palate.
“abCoffee’s commitment to making specialty coffee accessible to the masses resonated strongly with us. We believe this unique approach has the potential to disrupt the Indian coffee market and make premium coffee beverages a mainstream beverage enjoyed by everyone,” said Suvir Sujan, Managing Director at Nexus Venture Partners.
About abCoffee
Established in 2022 by Abhijeet Anand, abCoffee is the first tech-enabled specialty coffee company in India with the highest customer rating. It offers the country’s best-grown coffees to Indians at fair pricing.
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