New post Need visibility? Apply for a FREE post for your Startup.  Apply Here

Random

Chelvies Coffee Secures $1.5 Million In Funding To Expand Across Major Indian Metros

1 Mins read

Founded in 2023 by Dhruv Singh, Chelvies Coffee, a growing brand that blends specialty coffee with an elevated dining experience. Chelvies Coffee positions itself as a premium coffee and dining brand, aimed at redefining the Indian coffeehouse experience. Currently, the company has six operational locations in Delhi NCR and Ahmedabad. Chelvies brand amongst other things is highly committed to quality, innovation, and delivering superior customer service.

Chelvies boasts an extensive menu of more than 70 specialty coffee options, paired with a carefully curated dining selection that includes burgers, artisanal sandwiches, and freshly prepared pasta. These offerings are produced using the company’s in-house facilities, supported by a proprietary supply chain system featuring centralized dispatch units and base kitchens. This infrastructure ensures efficient and scalable operations while maintaining a high-quality customer experience.

The company recently announced that it has raised $1 million in a pre-Series A funding round which was led by Endurance Capital. The company in the same vein is in the process of securing an additional $500,000 through debt financing.

The company stated that the newly acquired funds will be directed toward opening over 30 high-street outlets across key metropolitan cities in India by 2026. Additionally, Chelvies plans to strengthen its supply chain infrastructure, develop proprietary food production systems, and expand its operational teams to support its growth ambitions, the company announced in a press release.

India’s café industry is experiencing rapid growth, with market projections estimating a compound annual growth rate (CAGR) of 15-20%, potentially reaching $2.6 to $3.2 billion by 2028.

Chelvies Coffee has already achieved notable milestones, reporting a monthly revenue run rate of INR 1.30 crore and profitability at the individual store level. The brand aims to reshape India’s coffee culture by introducing a European-inspired model that combines specialty coffee with an upscale dining experience.

Don’t miss any tech news ever!

We don’t spam! Read our privacy policy for more info.

464 posts

About author
We are the same, we may only be different in our experiences, values and exposures. Technology is a big part of my experience, learning is one of my values and writing my credible means of exposure.
Articles
Related posts
Random

Firsthand Raises $26M In Series A Funding

1 Mins read
Firsthand is an AI-driven platform designed to bridge the gap between career aspirations and actual career growth. By leveraging AI-driven technology and…
Foreign startupsRandom

Us-Based Climate Tech Startup Spiritus Raises $30M In Series A Funding

3 Mins read
Spiritus is a US-based climate technology startup that specializing in direct air capture (DAC) technology. Direct air capture technologies have long been…
ArticleMobileRandom

What To Expect From iOS 19

2 Mins read
Building upon the advancements of its predecessors, Apple’s iOS 19 is set to introduce a range of new possibilities with its features…
Newsletter Subscription

🤞 Don’t miss any update!

We don’t spam! Read more in our privacy policy

Join our Telegram channel here - t.me/TechpadiAfrica

Leave a Reply