News

Chelvies Coffee Secures $1 Million in Pre-Series A Funding to Fuel Expansion

Chelvies Coffee, a specialty coffee and dining brand, has raised $1 million in a pre-Series A funding round led by Endurance Capital. The company also announced plans to raise an additional $500,000 through debt financing to further support its ambitious growth strategy.

Fueling Expansion Across Major Cities

The new funds will be utilized to establish over 30 high-street locations in India’s major metropolitan cities by 2026. Chelvies also plans to enhance its supply chain infrastructure, develop proprietary food production systems, and expand its operational teams.

“We aim to redefine the coffee shop experience in India by combining world-class specialty coffee with a high-quality dining experience,” said Dhruv Singh, founder of Chelvies Coffee.

The company, launched in 2023, currently operates six locations across Delhi NCR and Ahmedabad, offering a blend of premium coffee and freshly prepared meals.

Chelvies Coffee store

A Unique Blend of Coffee and Dining

Chelvies Coffee stands out with an extensive menu of over 70 specialty coffee brews, complemented by a curated selection of dining options. From gourmet burgers to artisanal sandwiches and pasta, the brand’s offerings are all produced in-house through proprietary systems.

A centralized supply chain supported by base kitchens and dispatch units ensures that the company delivers a consistent and efficient customer experience at scale.

Riding the Wave of India’s Booming Cafe Industry

India’s cafe industry is booming, with projections estimating a compound annual growth rate (CAGR) of 15-20%, expected to reach $2.6-3.2 billion by 2028. Chelvies is well-positioned to capture a share of this growth, focusing on urban, high-traffic areas that align with its European-inspired aesthetic and service model.

The brand’s vision goes beyond coffee. It aims to elevate India’s coffee culture by combining innovation with an emphasis on customer experience.

Strong Financial Metrics Back Expansion Plans

Chelvies has already achieved impressive financial benchmarks. The company claims a monthly run rate of ₹1.30 crore, with profitability demonstrated at the store level. These metrics indicate a scalable business model and growing consumer demand for premium coffee and dining experiences.

The additional $500,000 in debt financing will likely provide further leverage for Chelvies to meet its ambitious goals.

Comments

Your email address will not be published. Required fields are marked *