The round also saw participation from Hero Enterprise Partner Ventures, Merisis Venture Fund and Stride Ventures. The fresh capital will be used to accelerate abcoffee’s cluster-led expansion across existing and new markets. The brand will continue to deepen its presence across Mumbai, Delhi-NCR and Bengaluru, while expanding into high-density office, residential and transit-led micro-markets where high-quality coffee remains underserved. A significant portion of the capital will also be deployed towards technology, customer engagement, subscriptions, back-end infrastructure, supply chain strengthening, product innovation and operational excellence, said a release.The round also saw participation from Hero Enterprise Partner Ventures, Merisis Venture Fund and Stride Ventures. The fresh capital will be used to accelerate abcoffee’s cluster-led expansion across existing and new markets. The brand will continue to deepen its presence across Mumbai, Delhi-NCR and Bengaluru, while expanding into high-density office, residential and transit-led micro-markets where high-quality coffee remains underserved. A significant portion of the capital will also be deployed towards technology, customer engagement, subscriptions, back-end infrastructure, supply chain strengthening, product innovation and operational excellence, said a release.
abcoffee raises Rs 61 crore in Pre-Series B Round led by Kliff Ventures
