Ready to drink start-up DropKaffe bags $500,000 funding

Bengaluru based Ready-to-drink start-up DropKaffe has raised series A round of funding of $500,000 led by Kanwaljit Singh of Fireside Ventures.

Other investors in the round include GrowthStory, and High Networth Individuals including Apurva Salarpuria of Salarpuria Group, CEO of Naukri Hitesh Oberoi, and Nirupa Shankar of Brigade Group.

The dairy start-up which started its business a year ago sells its line of cold coffees and bottled dairy beverages including milkshakes and markets them across 100-plus modern-trade stores in Bengaluru including More, Foodhall, Godrej Nature's Basket and others.

Backed by Valley-based P39 Capital and other angels in its previous funding round in 2015, DropKaffe has partnered with National Dairy Research Institute for its new line of fruit-based smoothies which have a shelf-life of 30 days and does not contain preservatives.

"We have our own brewing techniques and make sure that bean-to-bottle takes a week and all our product lines are preservative free," said Chaitanya Chitta, Co-Founder at DropKaffe.

The DropKaffe has established a unit with potential to produce 20,000 units per day at the cost of Rs 25 lakh.