Mumbai-based direct-to-consumer coffee brand Toffee Coffee Roasters (TCR) has raised ₹5 crore in a Pre-Series A funding round led by Inflection Point Ventures (IPV), the company announced. The round also saw participation from 66 bridge partners, along with Abhijit Vemuganti and Invesst. This capital injection is aimed at supporting the brand’s expanding operations, backend roastery upgrades, and new product development initiatives.
Toffee Coffee Roasters, which gained national attention following its appearance on Shark Tank India, currently ranks among the top five coffee websites in India based on online traction and commands an estimated 1–2% share of the domestic coffee market. The company’s founders, Rishabh Nigam and Nandini Shrivastava, lead a team of experienced professionals from IITs and companies including Zomato and Starbucks, ensuring operational excellence and product consistency.
Approximately 60% of the fresh capital will be allocated to working capital to fuel rapid operational growth. Around 10–15% will go toward enhancing roastery infrastructure, while 10% will be used to improve packaging and presentation. Another 10–15% has been earmarked for new product launches and portfolio expansion, reflecting a balanced focus on efficiency and innovation.
TCR currently produces over five tonnes of coffee per month, translating to nearly 3–4 lakh cups consumed across India monthly. With the new funding, the company plans to scale production to 50 tonnes per month, aiming for ₹8–10 crore in annualized revenue and reaching 8–10 lakh consumers. The brand emphasizes sourcing, roasting, and blending premium coffee in-house, with top Q Graders and master blenders ensuring quality and consistency.
As demand for specialty and at-home coffee rises in India, Toffee Coffee Roasters is poised to deepen its presence in the market, leveraging operational scale, in-house innovation, and an expanding customer base to drive sustainable growth in the coming years.
