Toffee Coffee Roasters, a coffee brand, has secured ₹5 crore in a pre-Series A round led by IPV, with additional backing from 66 bridge partners, Abhijit Vemuganti, and Invesst.
Previously featured on Shark Tank India, the startup also includes Ritesh Agarwal among its investors.
The funding will fuel operational expansion, upgrades at its 10,000 sq ft roasting facility, enhancements in packaging, and the rollout of new coffee offerings as the brand continues broadening its product lineup.
Founded in 2019 by Rishabh Nigam and Nandini Shrivastava, the company began as a specialty café in Mumbai before shifting during the 2020 lockdown to a direct-to-consumer model. It now operates out of Mumbai and Bengaluru, serving more than 2 lakh customers through online channels, marketplaces, and quick-commerce platforms.
The brand focuses on sourcing beans from estates across India and global coffee regions, delivering freshly roasted coffee, instant coffee, cold brews, filter coffee, and brewing accessories. Its popular products include Mysore Nuggets, Holiday Blend, and its Brazil specialty instant coffee.
Toffee Coffee Roasters currently produces over 5 tonnes of coffee each month, with monthly consumption crossing 40,000 units equivalent to 3-4 lakh cups brewed at home.
It plans to scale production to 50 tonnes per month, which it estimates could support ₹8-10 crore in annualized revenue and serve 8–10 lakh customers.
Its product lineup spans single-origin coffees, instant coffee variants, cold brews, filter coffee, and brewing accessories, available across major e-commerce channels and its own platform.
