abcoffee Secures ₹61 Crore in Pre-Series B Funding for Expansion
Coffee chain abcoffee raises ₹61 crore in pre-Series B funding round
Business Standard
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Indian coffee chain abcoffee has successfully raised ₹61 crore in a pre-Series B funding round led by Kliff Ventures. The funds will support its expansion in major cities and enhance technology and customer engagement initiatives.
- 01abcoffee raised ₹61 crore in a pre-Series B funding round led by Kliff Ventures.
- 02The company plans to expand its presence in Mumbai, Delhi-NCR, and Bengaluru, focusing on high-density markets.
- 03In FY26, abcoffee's revenue doubled year-on-year, with Ebitda growth of 193.2%.
- 0454% of takeaway orders are placed through the abcoffee app, with subscriptions making up 50% of app orders.
- 05The company aims to establish itself as India's default habit coffee brand.
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abcoffee, a rapidly growing Indian coffee chain, announced on Monday that it has raised ₹61 crore in a pre-Series B funding round led by Kliff Ventures, with participation from Hero Enterprise Partner Ventures, Merisis Venture Fund, and Stride Ventures. The funding will primarily be utilized for accelerating its cluster-led expansion in existing and new markets, particularly in Mumbai, Delhi-NCR, and Bengaluru. The company intends to focus on high-density office, residential, and transit-led micro-markets. Additionally, significant investment will be directed towards enhancing technology, customer engagement, and operational excellence. Founded in 2022 by Abhijeet Anand, abcoffee operates over 90 outlets and has seen impressive growth, with revenue doubling and Ebitda increasing by 193.2% year-on-year in FY26. The company's app has become crucial for its operations, with 54% of takeaway orders placed through it, and subscriptions contributing to 50% of app orders. Anand emphasized that this funding validates their vision for a technology-driven coffee experience tailored for repeat consumption.
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The expansion will create more job opportunities and enhance customer access to coffee in urban areas.
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