Subko Coffee & ProcMart raise funding
Congratulations to Subko Specialty Coffee Roasters and Craft Bakehouse for brewing up success with a Series B funding round of over Rs 85 crore! 🎉
This infusion of funds, led by the esteemed NKSquared alongside a blend of existing investors and new, including notable figures and firms like Blume Ventures and Progressive LLP, showcases the strong belief in Subko Specialty Coffee Roasters and Craft Bakehouse's vision and growth trajectory.Founded in March 2020 by Rahul Reddy, SubkoCoffee has rapidly risen as a specialty coffee roaster and craft bakehouse, delighting customers with its high-quality caffeinated beverages, baked goods, and coffee roasts.
Despite the competition in the coffee market, SubkoCoffee's revenue soared by 94% to Rs 13.57 crore in FY23, demonstrating significant growth and capturing the hearts of coffee lovers across the region.This latest round of funding will fuel further innovation, expansion, and the continued delivery of exceptional coffee experiences to its patrons. With a valuation of around $35-40 million post-money, Subko Specialty Coffee Roasters and Craft Bakehouse is on a remarkable journey of growth and excellence in the coffee industry.
At Human Capital Express, we celebrate this milestone with SubkoCoffee and encourage them to continue investing in their human capital and innovation to brew even more success in the future. Here's to the rich aroma of success and the taste of growth! ☕️🚀
Heartfelt congratulations to ProcMart for successfully raising Rs 25 crore ($3 million) in its pre-Series B round from Sixth Sense Ventures India! 🎉
This milestone not only fuels further innovation and expansion but also solidifies Sixth Sense Ventures position as the largest external stakeholder, showcasing a strong vote of confidence in ProcMart's vision and leadership.Founded by Anish Popli, ProcMart has distinguished itself in the competitive B2B procurement landscape by offering a comprehensive suite of supply chain solutions. With services ranging from purchase order management to e-catalogue management, ProcMart is instrumental in streamlining operations for leading names like Colgate and Vedanta, showcasing its pivotal role in the industry.This new funding round marks a significant valuation uplift to Rs 275 crore, testament to ProcMart's relentless pursuit of excellence and innovation. The company's strategic collaboration in the biomass briquettes and pellets sector highlights its commitment to not just business growth but also sustainable practices. At Human Capital Express, we celebrate ProcMart's achievement and encourage the team to continue leveraging human capital and innovation to redefine the B2B supply chain space. Here's to many more milestones and the continued success of ProcMart! 🚀
For more such news, do visit our funding section.
