March also witnessed two coffee startups raise funds.

Blue Tokai raised an undisclosed sum announcing Negen Capital and Mauryan Capital as its latest investors.

“With their support, we’re poised to double our revenue to Rs 200 crore by next year,” Matt Chitharanjan, co-founder and CEO at Blue Tokai Coffee Roasters, said.

Separately, Delhi-based Rage Coffee, a maker of packaged coffee, has onboarded Indian cricketer Virat Kohli as an investor and brand ambassador. “I see tremendous potential for the brand to become one of the most iconic coffee companies of our time,” Kohli was quoted as saying in a media statement.

In August, the startup had raised $5 million in Series A funding led by Sixth Sense Ventures.

While on the subject, Swiggy’s forthcoming initial public offering has gathered speed, with the food delivery company hiring bankers for the process, reported Economic Times. The company is reportedly seeking a valuation of up to $1 billion.

Swiggy declined to comment on…

News Source