Subko Coffee Raises Rs 85 Crore in Series B Funding Round Led by NKSquared
Subko Coffee, a specialty coffee roaster and craft bakehouse, has secured over Rs 85 crore in a Series B funding round. The investment was led by NKSquared, founded by the Kamath brothers, with around Rs 70 crore contributed. Existing investors like Pallavi and Srinivas Dempo, Jay Mehta, Gauri Khan Family Trust, and John & Priya Abraham also participated. Notable individual investors include Pallavi Dempo, Suprapadh S Manohar, John Abraham, Kalpathi Ratna, and Suparna Gupta. Blume Ventures and Progressive Strategies LLP collectively added Rs 4.75 lakh. NKSquared now holds a 25% stake in Subko Coffee, valuing it at approximately $35-40 million post-money. Despite reporting a loss of Rs 9.86 crore in FY23, Subko Coffee saw a significant revenue increase of 94% to Rs 13.57 crore from FY22. The Mumbai-based startup, founded in March 2020 by Rahul Reddy, offers caffeinated beverages, baked goods, and coffee roasts, competing with brands like Third Wave Coffee, Blue Tokai, and Rage Coffee.
Key Points:
- Subko Coffee raises over Rs 85 crore in a Series B funding round led by NKSquared.
- NKSquared, founded by the Kamath brothers, invests around Rs 70 crore, acquiring a 25% stake in Subko Coffee.
- Existing investors like Pallavi and Srinivas Dempo, Jay Mehta, Gauri Khan Family Trust, and John & Priya Abraham also participate.
- Notable individual investors include Pallavi Dempo, Suprapadh S Manohar, John Abraham, Kalpathi Ratna, and Suparna Gupta.
- Blume Ventures and Progressive Strategies LLP collectively add Rs 4.75 lakh to the funding round.
- Subko Coffee's valuation stands at approximately $35-40 million post-money.
- Despite reporting a loss of Rs 9.86 crore in FY23, Subko Coffee's revenue surged by 94% to Rs 13.57 crore from FY22.
- Founded in March 2020 by Rahul Reddy, Subko Coffee offers caffeinated beverages, baked goods, and coffee roasts, competing with brands like Third Wave Coffee, Blue Tokai, and Rage Coffee.