AbCoffee, a specialty coffee chain based in Mumbai, has raised $3.4 million in a Series A funding round led by Nexus Venture Partners, with participation from existing investor Tanglin Venture Partners. The new capital infusion is set to enhance the company's supply chain and technology stack, helping it to expand its "grab-and-go" retail outlets and make its specialty coffee more accessible and affordable. AbCoffee differentiates itself by offering a more efficient and Indianized version of the "grab-and-go" concept, which is traditionally not associated with the local chai culture. With 49 outlets mainly in Mumbai and New Delhi, the company's focus on delivery has increased its popularity and value proposition. The funding round has reportedly tripled AbCoffee's valuation to $15 million in less than six months. The investment highlights the growing interest of tech-focused venture capital funds in consumer brands that combine a physical presence with innovative technology.
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