Join our Waitlist for Expert Advice!

IAN Invests In Toffee Coffee Roasters The fund raised will be utilized to deepen the focus on existing products, expand the team and hire more talents

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Specialty coffee startup Toffee Coffee Roasters raised seed funding of INR 1 Cr from IAN. The funding round was led by IAN Lead Investors Hari Balasubramanian, Uday Chatterjee and Rajeev Sarda. The fund raised will be utilized to deepen the focus on existing products, expand the team and hire more talents.

"With IAN backing us up, we intend to deepen the focus on our existing product categories. We are also looking to expand our team and have already started hiring across multiple roles. However, we believe in lean teams. So, we plan to get the best team onboard to solve the challenges in the sector," said Nandini Shrivastava, co-founder, Toffee Coffee Roasters.

Toffee Coffee Roasters provides its customers with some great blends, and only sells coffee that has been out of the roaster for less than 48 hours for the customers to enjoy it at its peak flavor. The company has over 20 SKUs of coffee with several categories, including speciality coffee blends, single origin coffee, fermented coffee, barrel aged coffee, easy-to-brew pour over coffee and so on, claimed by the company in a statement.

"We firmly believe that new-age brands like Toffee Coffee Roasters are well-positioned to garner a sizeable share of this growing demand. We at IAN are excited to be a part of this journey, and believe that Nandini and Rishabh have all the capabilities required to create a global consumer brand in coffee from India," said Rajeev Sarda, lead investor, IAN.

Founded in 2019 by Nandini Shrivastava and Rishabh Nigam, Toffee Coffee Roasters aims at creating the best craft coffee for its customers, sourcing coffee beans from some of the finest estates worldwide by closely partnering with the farmers.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Side Hustle

At 16, She Started a Side Hustle While 'Stuck at Home.' Now It's on Track to Earn Over $3.1 Million This Year.

Evangelina Petrakis, 21, was in high school when she posted on social media for fun — then realized a business opportunity.

Business News

Remote Work Enthusiast Kevin O'Leary Does TV Appearance Wearing Suit Jacket, Tie and Pajama Bottoms

"Shark Tank" star Kevin O'Leary looks all business—until you see the wide view.

Health & Wellness

I'm a CEO, Founder and Father of 2 — Here Are 3 Practices That Help Me Maintain My Sanity.

This is a combination of active practices that I've put together over a decade of my intense entrepreneurial journey.

Growing a Business

Why 'Founder Mode' is Not a One-Size-Fits-All Solution to Leadership

The founder-driven approach can boost a business's growth, but transitioning from "founder mode" to a balanced leadership style is essential for sustained success and scaling.

Growing a Business

PR vs. Marketing — Which One Delivers Better ROI for Your Business?

PR builds trust and credibility over time, while marketing drives short-term sales through targeted campaigns, making both essential for business success, depending on goals and budget.

Business News

San Francisco's Train System Is Still Run on Floppy Disks. It May Finally Get an Upgrade.

Officials approve a $212 million plan to replace its wildly outdated train control system.