Specialty Coffee Brand Secures ₹5 Crore in Pre-Series A Round
Mumbai-based specialty coffee brand Toffee Coffee Roasters has raised ₹5 crore in a pre-Series A funding round led by Inflection Point Ventures (IPV), with participation from 66 Bridge Partners, Abhijit Vemuganti, and Invesst. The brand, previously featured on Shark Tank India and backed by Ritesh Agarwal, will use the funds to expand operations and accelerate product innovation.
Capital to Strengthen Roastery, Packaging and Product Pipeline
The company said the proceeds will be deployed to upgrade its backend roastery, enhance packaging quality, and support new product development as it widens its portfolio. Toffee Coffee Roasters currently operates a 10,000 sq ft roastery, where it sources, processes and freshly roasts coffee for nationwide distribution through marketplaces, its website, and quick-commerce platforms.
From Specialty Café to Nationwide D2C Brand
Founded in 2019 by Rishabh Nigam and Nandini Shrivastava, Toffee Coffee Roasters began as a specialty café in Mumbai before pivoting during the 2020 lockdown to home-delivered freshly roasted coffee. Since then, the brand has scaled to over 2 lakh customers across India, supported by a lean supply chain designed to eliminate middlemen and ensure premium quality at competitive prices.
Riding India’s Fast-Growing Coffee Market
The global coffee market is valued between $150–200 billion, while India’s domestic market is estimated at $2 billion, growing at over 20% CAGR. Toffee Coffee Roasters currently produces 5+ tonnes of coffee each month, translating into 40,000+ units and nearly 3–4 lakh cups brewed at home monthly.
Ambition to Scale Production 10X
The company aims to scale output to 50 tonnes per month, which would support ₹8–10 crore in annualised revenue and expand its reach to 8–10 lakh customers. It also claims to hold a 1–2% share of India’s overall coffee market as demand accelerates for premium, freshly roasted products.
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