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Subko Coffee raises Rs 85 crore from Kamath brothers founded NKSquared, others

ISN Team
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Rahul Reddy subko coffee

Rahul Reddy

Subko Coffee, a specialty coffee roaster and craft bakehouse, has reportedly raised over Rs 85 crore in a Series B funding round. Existing investors that subscribed via rights issue include Pallavi and Srinivas Dempo, Jay Mehta, Gauri Khan Family Trust, and John & Priya Abraham.

According to an Entrackr report, The round also saw participation from several individual investors, including notable names like Blume Ventures and Progressive LLP.

Who invested how much?

NKSquared, founded by the Kamath brothers, invested around Rs 70 crore into Subko Coffee. The remaining came from other investors, including celebrities and seasoned investors like Pallavi Dempo, Suprapadh S Manohar, John Abraham, Kalpathi Ratna, and Suparna Gupta.


Blume Ventures and Progressive Strategies LLP collectively added Rs 4.75 lakh to the pot. NKSquared has notably acquired a 25% stake, valuing the Mumbai-based startup at around $35-40 million post-money, the report said. 

Subko Coffee growth 

Founded in March 2020 by Rahul Reddy, The startup has shown remarkable growth, with its revenue soaring by 94% to Rs 13.57 crore in FY23, up from Rs 7 crore in FY22. However, It also reported a loss of Rs 9.86 crore in the same period. 

Subko Coffee, which offers caffeinated beverages, baked goods, and coffee roasts, competes with other brands like Third Wave Coffee, Blue Tokai, and Rage Coffee.