HBI Staff | Mumbai 
abCoffee announced the closing of its Series A funding round securing $3.4 million USD recently. The round was led by Nexus Venture Partners, with participation from existing investor Tanglin Venture Partners.
The funds raised will enable abCoffee to accelerate its supply chain and technology stack to bring on-demand coffee beverages at lower prices in quicker time.
“We are thrilled to partner with Nexus Venture Partners and receive continued support from Tanglin Ventures in our mission to make specialty coffee accessible and enjoyable for everyone in India. We continue to remain extremely capital efficient, leverage supply chain optimization and continue to innovate new products for the masses,” said Abhijeet Anand, Founder & CEO , abCoffee.
“abCoffee’s commitment to making specialty coffee accessible to the masses resonated strongly with us. Their innovative tech model, coupled with their focus on high-quality, ethically sourced beans and efficient brewing methods, allows them to offer premium coffee experiences at surprisingly affordable prices. We believe this unique approach has the potential to disrupt the Indian coffee market and make premium coffee beverages a mainstream beverage enjoyed by everyone,” said Suvir Sujan, Managing Director, Nexus Venture Partners.
Ravi Venkatesh, Managing Partner , Tanglin Venture Partners added “Over the past year, we’ve been privileged to witness how abCoffee has scaled and are excited to double-down in this funding round also.”
