Coffee brand Toffee Coffee Roasters has raised Rs 5 crore in pre-Series A funding round led by IPV along with participation from 66 bridge partners, Abhijit Vemuganti and Invesst. The startup was also featured on Shark Tank India and backed by Ritesh Agarwal.
The proceeds will be utilized for expansion of operations of the company, enhancing and expanding the backend roastery, improving packaging quality, and new product development, as the brand continues to expand its portfolio, Toffee Coffee Roasters said in a press release.
Co-founded in 2019 by…

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