Specialty Coffee Startup Subko Secures $10 Million in Funding Led by Zerodha’s Nikhil Kamath

Subko, a specialty coffee roaster and craft bakehouse, has raised $10 million in a funding round led by Zerodha cofounder Nikhil Kamath. The Mumbai-based company’s valuation has increased to $34 million post-funding, with the new capital used to strengthen the talent pool, develop tech-enabled customer experiences, conduct research and development for product design, and improve farm-level infrastructure for specialty green coffee and fine cacao beans. Subko operates through various retail outlets, including flagship stores, half models, and mini models that serve as pop-up stores. It currently has 12 offline touchpoints serving caffeinated beverages and baked bread-pastries.

Subko competes with several players in the specialty coffee space, including Third Wave Coffee, Slay Coffee, Blue Tokai, Sleepy Owl Coffee, Hatti Kaapi, and Rage Coffee. The company’s founder and CEO, Rahul Reddy, believes that a distinctive Indian brand like Subko leads the way in delivering unique, curated experiences to the world. Kamath made his investment through his private equity firm NKSquared and is also an investor in Third Wave Coffee.

Subko’s fundraise comes at a time when the specialty coffee space is seeing increased investor interest. Mumbai-based AbCoffee raised $3.4 million in funding led by Nexus Venture Partners. Reddy believes that the goal for Subko is to scale responsibly, calibrated, and slower, creating an at-scale exportable quality standard from India.

Read More @ The Economic Times

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