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.


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.

Related Topics

Growing a Business

How an Executive Coach Can Help You Set Better Goals — And Transform Your Business

Ways to enhance your competitive advantage — and psychological wellbeing — with the assistance of a seasoned, results-focused professional.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.

Growing a Business

7 Strategies to Secure Business from Fellow Entrepreneurs

When implemented, these seven strategies will be valuable and helpful in growing your brand and ultimately increasing your revenue.

Side Hustle

Anyone Can Start a Passive Income Side Hustle For Easy Money — But Only If You Know These 5 Essential Tips First.

The rise of digital automation technology has made starting a passive income side hustle easier and more accessible than ever before.


Improving Yourself Takes 9.6 Minutes of Work Each Day

Micro-habits are the antidote to a chaotic world, offering a pathway to sustainable change.


How to Start a 'Million Dollar' Morning Routine

Restructure your morning with a few simple steps that may help to amplify your energy.