Bengaluru-based DropKaffe which offers a wide range of cold coffees, milkshakes and other freshly prepared beverages, has raised a bridge round of $500,000 led by Kanwaljit Singh of Fireside Ventures. Other investors who participated in the round include GrowthStory, and High Networth Individuals including Apurva Salarpuria of Salarpuria Group, CEO of Naukri Hitesh Oberoi, and Nirupa Shankar of Brigade Group.
DropKaffe is disrupting coffee supply chain to bring freshness, innovating in coffee making and delighting its customers through choices. The company manufactures its line of cold coffees and bottled dairy beverages including milkshakes and markets them across 100-plus modern-trade stores in Bengaluru including More, Foodhall, Godrej Nature's Basket and others.
In its previous round in 2015, the company raised funding from Valley-based P39 Capital and other angels. The one-year old firm has established a unit with potential to produce 20,000 units per day at the cost of Rs 25 lakh.
Also, it has partnered with National Dairy Research Institute for its new line of fruit-based smoothies which have a shelf-life of 30 days and does not contain preservatives.
"We have our own brewing techniques and make sure that bean-to-bottle takes a week and all our product lines are preservative free," said Chaitanya Chitta, cofounder at DropKaffe.
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