Company Name : DropKaffe
Funding Amount : $300K
Investor(s) Manish Singhal P39 Capital. .
Funding Round : Angel round
DropKaffe – an online on-demand coffee shop, raised $300,000 funding led by Bangalore-based Manish Singhal and Silicon Valley based P39 Capital.
Other investors include prominent angels from the U.S., India and Singapore.
DropKaffe started five months ago and is currently operational in Bangalore with plans to expand to more cities in the coming months.
DropKaffe is founded by Rakshit Kejriwal, Lakshmi Dasaka, Chaitanya Chitta and Amar Yashlaha. Prior to DropKaffe, the team worked together on SmartOn – an education technology startup that was part of TechStars Accelerator in New York last year.
Manish Singhal, angel investor in DropKaffe said, “It all literally started over a cup of coffee, when the team pitched the idea of DropKaffe to me. Slowly their coffee grew on me and from a customer, I became an investor. With their premium blends and unique preparation methods, they are a differentiated product company set to establish a new benchmark and brand in the cafe segment.”