Grab-and-go coffee chain abcoffee raises Rs 61 Cr in Pre-Series B funding from Kliff Ventures
Kliff Ventures led a pre-Series B funding round that saw the grab-and-go coffee chain abcoffee raise Rs 61 crore ($6.39 million). Stride Ventures, Merisis Venture Fund, and Hero Enterprise Partner Ventures also contributed to the round.
According to the company, the additional revenue will be utilized to expand into new and existing markets, improve technology infrastructure, bolster supply chain and backend operations, and make investments in subscriptions, customer engagement, and product innovation.
Abhijeet Anand founded abcoffee in 2022, and it uses small grab-and-go store formats to run over 90 locations in Bengaluru, Delhi-NCR, and Mumbai.
According to the startup, store-level EBITDA increased 193.2% year over year and revenue doubled in FY26. Additionally, a 60% repeat customer rate was reported.
The company claims that its subscription platform currently pre-sells over 40,000 beverages each month, and that over half of its takeaway orders are now placed through its app.
Additionally, the company has added protein coffee and matcha drinks to its lineup under the Procaff brand.
Among the competitors of abcoffee are Third Wave Coffee, Blue Tokai, Rage Coffee, Slay Coffee, Sleepy Owl, and Seven Beans Co.
Nexus Venture Partners led the startup’s $3.4 million Series A round in March 2024, with Tanglin Venture Partners, an existing investor, participating.
