A new round of funding has been raised by Subko Coffee Roasters. It has raised INR 85.10 crore (about $10 million) in its Series B funding round, led by investment firm NKSquared, which is backed by the co-founders of Zerodha, at a valuation of INR 286.92 crore ($34 million).
Through a rights issue, Subko’s current investors, Pallavi and Srinivas Dempo, Jay Mehta, Gauri Khan Family Trust, and John & Priya Abraham, also participated in the round. In addition, Progressive LLP and Blume Ventures participated in the most recent round.
Subko Coffee sells coffee roasters, baked foods, and caffeinated beverages. According to reports, NKSquared will invest INR 70 crore for a 25% share in the coffee business.
Third Wave Coffee, Blue Tokai, Rage Coffee, Slay Coffee, Sleepy Owl, and Seven Beans Co. are just a few of the competitors of Subko Coffee.
Read also – [Funding alert] Amlgo Labs Secures Investment From Maruti Suzuki India
About Subko Coffee Roasters
Rahul Reddy founded the business in 2020 and provides coffee roasts, baked foods, and caffeinated beverages.
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