Toffee Coffee Roasters, a rapidly growing premium coffee brand, has raised ₹5 crore in its Pre-Series A funding round led by Inflection Point Ventures (IPV). The round also saw participation from 66 bridge partners, Abhijit Vemuganti, and Invesst.

The company plans to allocate nearly 60% of the capital toward working capital to support its fast-scaling operations. A further 10–15% will be invested in expanding its backend roastery, 10% in packaging enhancements, and the remaining 10–15% for new product development as the brand accelerates portfolio expansion.

Featured previously on Shark Tank India and backed by Ritesh Agarwal, Founder & CEO of OYO Rooms, Toffee Coffee Roasters has emerged as one of India’s top five coffee websites by online traction, currently holding a 1–2% market share in the overall coffee category.

Mitesh Shah, Co-founder of IPV, highlighted the opportunity in India’s rising coffee culture, saying:
“Despite India being one of the world’s leading producers of coffee, most coffee lovers still turn to expensive imported coffee or café-only specialty brews. Toffee bridges this gap by offering high-quality, crafted artisanal coffee that brings global-style coffee experiences to every Indian home.”

Scaling Quality Coffee for India’s Growing Consumer Base

Toffee Coffee Roasters is known for its focus on sourcing, roasting, and blending premium coffees from across the world. The brand has built a lean and efficient supply chain, eliminating middlemen to ensure quality at accessible prices. Its blends are crafted by a team comprising India’s top Q Graders, master blenders, and professionals with backgrounds at IIT, Zomato, and Starbucks.

Founded by Rishabh Nigam and Nandini Shrivastava, the company blends strong growth expertise with deep operational understanding.

• Rishabh Nigam, with experience at ZEE5, Pocket FM, and upGrad, played a key role in scaling Pocket FM’s U.S. revenue to USD 15 million within a year.

• Nandini Shrivastava, previously at JSW, heads product and operations, driving alliances, process efficiency, and product innovation.

Together, they have grown Toffee Coffee Roasters to serve more than 150,000 Indian coffee drinkers, offering a diverse range of specialty coffees.

Aggressive Growth Targets

The company currently produces over 5 tonnes of coffee monthly, translating to 40,000+ units consumed each month—amounting to nearly 3–4 lakh cups of coffee made at home across the country.

With the new funding, Toffee Coffee Roasters aims to scale production to 50 tonnes per month, targeting ₹8–10 crore in monthly revenue and a consumer base of 8–10 lakh customers.

Nandini Shrivastava emphasized the brand’s mass-premium vision, stating:
“India’s coffee landscape is evolving, yet the gap between mass and premium offerings remains wide. Our aim is to build a mass-premium brand that brings specialty coffee to both at-home and out-of-home consumers at an accessible price. We believe India deserves a coffee revolution that reaches beyond metros to a wider India 1 and India 2 audience.”

A Market Poised for Disruption

The global coffee market is valued at USD 150–200 billion, while India’s domestic market stands at around USD 2 billion, growing at a CAGR of 20%+. Current leaders dominate instant coffee, but consumer preferences are rapidly shifting toward roasted and ground coffee, cold brews, pour-overs, capsules, and filter coffee.

With premium brands like Starbucks and Blue Tokai driving category awareness, Toffee Coffee Roasters is positioning itself as the mass-premium brand that bridges affordability and specialty quality.

About Toffee Coffee Roasters

Founded in 2019 as a specialty café in Bandra, Mumbai, the company pivoted in 2020 to delivering freshly roasted coffee across India. Today, it operates from a 10,000 sq. ft. roastery, directly sourcing, processing, and roasting its coffee while serving 2 lakh+ customers through marketplaces, its website, and quick commerce platforms.

About Inflection Point Ventures (IPV)

IPV is an angel investing platform comprising 24,000+ CXOs, HNIs, and professionals. It supports early-stage startups with both financial and experiential capital. IPV also manages Physis Capital, a $50 million CAT II VC fund aimed at growth-stage startups, with six investments already deployed.

-By Muskan Dengra