22 March 2024 — Subko Coffee, a Mumbai-based coffee chain, has secured Rs 85.10 crores (approximately $10 million) in its Series B funding round. The investment was led by NKSquared, backed by Zerodha co-founders, along with notable existing investors participating via a rights issue.
About Subko Coffee:
Established with a vision to revolutionize the coffee experience, Subko Coffee offers a range of caffeinated beverages, baked goods, and coffee roasters. The company has garnered attention from celebrities like Gauri Khan and Tiger Shroff, who have invested in the brand between June 2022 to December 2023.
Funding Details and Investors:
The recent funding round saw NKSquared injecting Rs 70 crore, with the remaining Rs 15.10 crore from other investors, including Pallavi and Srinivas Dempo, Jay Mehta, and John & Priya Abraham. This investment has propelled Subko Coffee’s post-money valuation to Rs 286.92 crore ($34 million).
The infusion of funds will enable Subko Coffee to expand its presence, enhance its product offerings, and strengthen its position in the competitive coffee market. The company’s remarkable growth is evident from its 94% revenue spike in FY23, reaching Rs 13.57 crore.
Conclusion:
With the backing of strategic investors like NKSquared and a growing customer base, Subko Coffee is poised for further expansion and innovation in the coffee industry. This funding round marks a significant milestone in the company’s journey towards becoming a leading player in the coffee retail sector.
