26 March 2024 – Subko, a specialty coffee roaster and cafe chain based in Mumbai, has secured $10 million in a funding round. This investment, led by Zerodha co-founder Nikhil Kamath, will fuel Subko’s ambitious growth plans and product development. The round also saw participation from notable names like the Gauri Khan Family Trust and celebrities John Abraham and Sangita Jindal, propelling Subko’s valuation to an impressive $34 million.
The fresh capital will be strategically allocated to fuel Subko’s expansion. This includes building a strong team to support the growth trajectory, establishing flagship cafes to elevate the brand experience for customers, and investing in research and development to bring exciting new coffee and baked goods offerings to the table. Additionally, Subko plans to leverage the funding to launch a line of convenient, ready-to-drink coffee beverages, catering to the growing demand for on-the-go options.
Subko’s CEO, Rahul Reddy, expressed his delight at the investment, particularly highlighting Nikhil Kamath’s involvement. He sees this not just as a financial boost but as a validation of Subko’s potential and a valuable strategic partnership. This funding round also coincides with a surge in investor interest in the Indian consumer brand landscape, underlining Subko’s position as a rising star in the country’s specialty coffee scene.
