Seed · Consumer
First Coffee raises $1.2 million seed round led by BEENEXT
Individual investors join the specialty coffee chain’s early financing.
First Coffee announced $1.2 million in funding on September 26, 2024, led by BEENEXT. Participants included Ashish Gupta, AngelList India, Ritesh Malik, Sahil Malik, Aman Arora and Agastya Dalmia.
The company sourced beans from the Harley Coffee Estate in Chikmagalur and planned small outlets in malls, corporate parks and other busy locations. The financing backed its effort to grow the store network while recruiting staff and building awareness of the brand.
Use of funds
Open more stores
Recruit staff and invest in marketing
Funding history
Seed · This round$1.2M