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Bangalore-based online on-demand coffee shop, DropKaffe, has raised $300K in a funding round led by Manish Singhal and P39 Capital. Angels from the U.S., India and Singapore also participated in this round of funding.
Founded this year by Rakshit Kejriwal, Lakshmi Dasaka, Chaitanya Chitta and Amar Yashlaha, DropKaffe delivers freshly prepared coffee with daily changing menu and various snacks to go with coffee that includes burgers, bakes and non-caffeine beverages. With over 50 different coffees on the offering, unique brewing methods and the ultimate luxury of getting coffee delivered, DropKaffe is trying to change the coffee consumption patterns. The company is 50-member strong including award winning baristas and chefs.
The startup claims to delivery everything in 30 minutes and is now aiming to reduce it to 20 minutes once the new centres are functional. Besides, it is also looking forward to launch a weekly subscription package for regular based customers.
The company claims that it has already served over 50,000 coffees and has managed to build a strong loyal customer base with 80% of revenues coming from repeat purchases.
Currently operational in Bangalore, DropKaffe will use the funds to hire talents and expand across Bangalore.
On this development, Rakshit Kejriwal, co-founder of DropKaffe says, “We will have 10 DropKaffe fulfillment centers by the end of October making DropKaffe available to every Bangalorean. To make the ordering experience seamless, we are also launching our native android app and working on IoT enabled ordering solutions in the coming weeks.”
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