IAN invests INR 1 Cr in Toffee Coffee Roasters

Specialty coffee startup Toffee Coffee Roasters has raised seed funding of INR 1 Cr from the Indian Angel Network (IAN).

The funding round was led by IAN Lead Investors Hari Balasubramanian, Uday Chatterjee and Rajeev Sarda. 

Bootstrapped until now, the startup will utilize the fresh capital to strengthen its product portfolio and grow its topline 10X in the coming months. 

“Toffee Coffee Roasters was established to make great coffee blends accessible to everyone. In three years of our existence, we have had 40% repeat customers, which is a significant figure in the sector. While we started by targeting coffee lovers in Tier-1 cities, our reach has expanded to Tier-2 cities post COVID-19,” shared Nandini Shrivastava, Co-Founder.

Founded in 2019, Toffee Coffee Roasters is the brainchild of Nandini Shrivastava and Rishabh Nigam, owing to their shared love for coffee.

Following its six-sigma step of procurement and artistically roasting the beans, Toffee Coffee Roasters provides its customers with some great blends, and only sells coffee that has been out of the roaster for less than 48 hours for the customers to enjoy it at its peak flavor.

The company has over 20 SKUs of coffee with several categories, including Speciality Coffee Blends, Single Origin Coffee, Fermented Coffee, Barrel Aged Coffee, Easy-to-brew Pour Over Coffee, Cold Brew Coffee, and South Indian Filter Coffee.

“The coffee industry in India is growing, and we are witnessing the emergence of a new segment of consumers who are extremely taste conscious and are looking for speciality coffee with innovative blends. We firmly believe that new-age brands like Toffee Coffee Roasters are well positioned to garner a sizeable share of this growing demand,” added IAN Lead Investor, Rajeev Sarda.