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Specialty Coffee Startup Subko Coffee lifts Rs. 80 crore from NKSquared

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Specialty Coffee Startup, Subko Coffee has secured Rs. 80 crore in a fresh funding round directed by NKSquared. Also the funding round saw participation form several individuals such as Blume Ventures & Progressive LLP.

Established in 2019, Subko Coffee presents caffeinated drinks along with baked bread-pastries & coffee roasters.

One of the official sources subjected to this matter states, the key investor NKSquared has injected capital around Rs. 70 crore while the rest of the capital Rs. 10 crore secured from other investors

According to the regulatory filing with Registrar of Companies, the startup Subko Coffee has secured Rs. 45 crore - $5.5 million & already NKSquared infused Rs. 34.2 crore.

Collectively, Blume Ventures & Progressive Strategies LLP have injected funds about Rs. 4.75 lakh. Regardless these investors, the Funding round recorded the presence of John Abraham, Suprapadh S Manohar, Pallavi Dempo & Suparna Gupta.

As per the sources, NKSquared has also taken over a 25 percent in the startups. The startup. Subko Coffee has been estimated at about $35-40 million. In the year 2022, Subko Coffee raised $2.97 million from Gauri Khan family trust, Blume Ventures & others. According the regulatory filings, a few celebrities such as Tiger Shroff also invested in the company.