abCoffee Raises $2M in Seed Round to democratize Specialty Coffee

India's specialty coffee chain, abCoffee, disclosed today that it has secured $2 million in seed funding. Leading the investment is Tanglin Venture Partners, with additional support from 100X.VC, Panthera Peak, OTP Venture Partners, and several angel investors.

“This investment will enable us to accelerate our growth and bring our unique coffee experience to more neighborhoods across India. In the coming, 8-12 months, we keep the same momentum of growth; ensuring people are at heart of everything and bring the abCoffee’s specialty coffees to India’s new neighborhoods.” said, Abhijeet Anand, Founder and CEO of abCoffee.

The capital infusion will enable abCoffee to bolster its technological infrastructure, diversify its product offerings, and extend the reach of its budget-friendly specialty coffee through its retail grab-and-go outlets across India.

In 2022, abCoffee was established with the goal of democratizing specialty coffee, aiming to increase its accessibility.

“As the first investors in abCoffee, we are delighted with the rapid growth that abCoffee has been able to achieve. In a burgeoning market, abCoffee has the perfect mix of the right product, strong team and proper positioning to propel them into becoming a leading coffee brand in India in the coming years”, said, Ninad Karpe, Founder & Partner, 100X.VC.

The company provides an extensive selection of freshly brewed coffee options, all reasonably priced, and sourced from top farms in Chikmagalur.

“The initial traction in Mumbai/Delhi across their numerous outlets has been phenomenal and the next 8-12 months promises to be extremely exciting. We are delighted to back abCoffee” said, Nikhil Bhandarkar, Founder & MD Panthera Peak Capital.

The company's main office is located in Mumbai.