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Premium Coffee brand Toffee Coffee Roasters secures ₹5 crore in Pre-Series A funding led by IPV
When Rishabh Nigam and Nandini Shrivastava started Toffee Coffee Roasters in 2019, it began as a small specialty café in Bandra, Mumbai.
But during the COVID-19 lockdown, the duo saw an opportunity: what if people could enjoy freshly roasted, high-quality coffee at home?
Today, their brand serves over 150,000 coffee drinkers across India and is among the top five coffee websites in the country.
Meet the Founders
Rishabh Nigam and Nandini Shrivastava are the people behind Toffee Coffee Roasters.
Rishabh has over six years of experience in growth roles at companies like ZEE5, Pocket FM, and upGrad. He was part of the team that grew Pocket FM’s US business from zero to USD 15 million in one year.
Nandini, who worked with JSW before joining the coffee brand, manages product and operations. She focuses on improving processes, building partnerships, and creating new coffee products.
Together, they have grown a small café into a brand that delivers quality coffee to homes across India.
Their approach is simple: provide fresh, high-quality coffee directly to customers while keeping it affordable and convenient.
About Toffee Coffee Roasters
The company works from a 10,000 sq. ft. roastery, where it sources, roasts, and packs coffee itself. This helps ensure consistent quality and better prices.
Toffee Coffee Roasters sells a range of coffee products, including roasted and ground coffee, cold brews, capsules, and filter coffee. All blends are made in-house by trained coffee graders and master blenders. The company currently produces over 5 tonnes of coffee per month, serving around 3-4 lakh cups at home.
The brand has been featured on Shark Tank India and is backed by OYO CEO Ritesh Agarwal. Its website and online presence have helped it reach new coffee drinkers across the country.
Co-founder Nandini Shrivastava said,“India’s coffee market is growing, but most people still use instant coffee or café-only options. We want to bring good coffee to homes at a price people can enjoy every day.”
Toffee Coffee Roasters Raises ₹5 Crore in Pre-Series A Round Led by IPV
The funding round was led by Inflection Point Ventures (IPV), with other investors joining in. Around 60% of the money will be used as working capital to grow quick-commerce delivery. 10–15% will go to upgrade the roastery, 10% will improve packaging, and the rest will go into creating new coffee products.
Mitesh Shah, Co-founder of IPV, said, “India produces a lot of coffee, but most people still buy imported or café-only coffee. Toffee Coffee Roasters is making high-quality coffee available at home.”
The funding reflects the growing demand for specialty coffee in India. While instant coffee still leads in homes, more people are starting to explore roasted, ground, and ready-to-drink coffee for everyday use.
Road Ahead
With this funding, Toffee Coffee Roasters plans to increase production to 50 tonnes per month, which could serve 8–10 lakh customers and generate ₹8–10 crore in monthly revenue. The company also plans to expand its product range and reach more cities, including smaller towns.
The founders want to make specialty coffee accessible to more people, letting them enjoy café-style coffee at home without paying a high price. Their focus is on quality, convenience, and consistency, helping more coffee drinkers upgrade their daily cup.