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Chelvies Coffee, a specialty coffee and dining experience brand, today announced the successful closure of a $1 million funding round led by Endurance Capital, with an additional $500,000 in debt financing currently under process.
The brand plans to use the raised capital to fuel the expansion plans to establish 30+ high-street locations across major Indian metros by 2026, enhance existing supply chain infrastructure, develop proprietary food production systems, and strengthen its operational teams.
Revolutionizing India’s coffee culture
Chelvies Coffee was founded in 2023 by Dhruv Singh, a fourth-generation restaurateur from the family behind the renowned ‘Kake Di Hatti’ chain of restaurants.
The company aims to revolutionize India’s coffee culture with a European-inspired concept that blends premium specialty coffee with an elevated dining experience.
Dhruv brings a rich legacy of restaurant industry expertise, having grown up in one of India's most respected food business families. Prior to this, he helped scale Kake Di Hatti from 5 to 100+ stores across India alongside his father, Gurdeep Singh.
Chelvies Coffee's market presence
Chelvies Coffee currently operates six high-street locations across Delhi NCR and Ahmedabad, achieving a monthly run rate of Rs 1.30 crore with demonstrated profitability at each store level.
“We are redefining coffee shops from being merely casual spaces to becoming experience-driven destinations where customers feel at home while enjoying exceptional coffee and food. Since our launch, we have rigorously tested and perfected our concept through our presence in Delhi NCR and Ahmedabad, refining every aspect of the customer experience. This funding comes right at a time when we are all set to scale aggressively and bring our unique offering to key markets across India," said Dhruv Singh.
"Dhruv's customer obsession is what creates genuine customer love, which is rare to find in the Indian F&B landscape," said Abhishek Mittal, Founding Partner at Endurance Capital.
"India has long deserved a brand that delivers both exceptional coffee and outstanding food under one roof. What truly sets Chelvies Coffee apart is not just their unique offering, but their impressive sales-to-investment ratio and healthy margins, demonstrating both customer validation and potential for superior returns as they scale," Mittal added.
Endurance Capital is an early stage venture capital firm focusing on investing in transformative consumer brands and technology companies in India.