Toffee Coffee Roasters Secures ₹5 Crore to Expand Operations, Enhance Roastery

Toffee Coffee Roasters, a specialty coffee brand, secured Rs 5 crore in a pre-Series A round spearheaded by IPV, alongside 66 bridge partners, Abhijit Vemuganti, and Invesst. Capital will facilitate operational expansion, roastery upgrades, enhanced packaging, and new product development. Founded in 2019, the company aims to scale production to 50 tonnes monthly to reach 8-10 lakh customers. The brand claims 1-2% market share and currently produces over 5 tonnes of coffee monthly.