The Indian subcontinent was a tea-drinking nation. The scenario changed in the early 2000s when coffee was regarded as an energising and voguish beverage. In the last decade, India has seen a whopping rise in the consumption of coffee.
In a world where coffee culture is becoming increasingly distinguished, abCoffee stands out as a beacon of quality and affordability. Not only are they India’s highest customer-rated award-winning company, but on a mission to revolutionise the way consumers experience coffee. Abhijeet Anand founded abCoffee, a Mumbai-based chain of tech-enabled outlets.
Founding Story
Abhijeet Anand is an IITian keen on bringing superior quality coffee to fellow Indians at an honest price. He envisioned a place where everyone could savour the coffee from India’s finest coffee estates like Barbara and Harley’s Estates. Anand’s brainchild, abCoffee saw the daylight in June 2023. He had a background in the oil and gas sector, which equipped him with the dedication to disrupt the coffee industry. It currently has 49 outlets,mainly in cities such as Mumbai and New Delhi. It presently sources its coffee from Karnataka.
Founders
abCoffee occupies an eccentric niche in the Indian coffee landscape. All because of Abhijeet Anand’s unwavering dedication to blending engineering acumen and business vision. Anand is a graduate of IIT Dhanbad and a Master’s holder from Rome Business School Italy. abCoffee combines technical expertise with a love of coffee.
Offerings
The warm baristas brew India’s best coffee with care and mastery. The brand has established a rare conjunction of tech-enabled convenience with the artistry of handcrafted coffee. It has built direct relationships with coffee farmers, ensuring fair compensation and sustainable farming practices.
They are committed to sustainability, traceability and precise brewing methods. The team of experts prioritise quality grading and expert roasting for consistent delight. The meticulous approach results in coffee rich in flavour, and aroma. It captivates the palates of seasoned coffee connoisseurs worldwide and even an avid newcomer.
Funding
abCoffee has so far raised a total of $5.7 million over 3 rounds. In the recent series A funding the company raised $3.4 Mn. This round was led by venture capital fund Nexus Venture Partners. Present investor Tanglin Venture Partners also participated in the round. This round of funding is likely to triple the valuation of the coffee chain to around $15 million in the next few months.
Future Plans
According to the estimates of Customer Market insights, in 2032 the Indian coffee market will be valued at around USD 1227.47 million. Hence, abCoffee has ambitious plans for expansion and innovation nationwide. With a growing demand for premium coffee experiences, the brand aims to reach new markets and engage with a wider audience.
Furthermore, abCoffee will be the yardstick for ethical business practices in the coffee sector as they aim to align business growth with environmental and social responsibility. Their plans include a probable investment in eco-friendly packaging, support initiatives for reforestation and conservation, and continuing to promote fair trade practices within the coffee industry.
As per the abCoffee founder, Mr. Anand, the funds will be used to optimise supply chain management, building up on technology and vertical integration. All these will further help towards bringing the on demand coffee to the consumers at the lowest possible price.
Conclusion
In conclusion, abCoffee is not just about coffee but illustrates the intersection of passion, quality, and innovation in the world of beverages. They have earned its reputation as a purveyor of excellence by letting customers find joy in each sip.
As the brand looks towards the future, it is set to expand its reach and influence while remaining true to its core values. abCoffee invites you to embark on a journey of taste and discovery. Experience the difference with abCoffee – one s
