Abhishek Gaur
2 Nov 2024
• First Coffee, a new specialty coffee brand, has raised $1.2 million in seed funding.
• The brand offers high-quality coffee at competitive prices, sourcing beans from Harley Coffee Estate.
• First Coffee currently operates three outlets in Delhi NCR and plans to expand its delivery services.
• The brand has already generated INR 1 crore in revenue in just five months.
First Coffee, a new entrant in the Indian coffee market, is disrupting the industry with its unique approach to offering high-quality, affordable specialty coffee. Founded by entrepreneurs Sohrab Sitaram and Shiv Dhawan, the brand aims to cater to a younger demographic that is increasingly discerning about their coffee choices.
By focusing on a 'grab-and-go' model and sourcing beans from premium estates like Harley Coffee in Chikkamagaluru, First Coffee is able to offer specialty coffee at competitive prices. This strategic pricing, coupled with its focus on quality, has attracted significant investor interest. The brand recently secured $1.2 million in seed funding from BEENEXT, Ashish Gupta of Helion Venture Partners, AngelList India, Innov8 Capital, and Da Milano.
First Coffee's entry into the market comes at a time when the Indian coffee market is witnessing rapid growth. Traditional players and established specialty coffee brands are facing increased competition from new entrants that are leveraging technology and innovative business models. The rising demand for premium coffee, especially among younger consumers, presents a significant opportunity for brands like First Coffee to carve out a niche.
The brand's focus on convenience and quality aligns with the evolving preferences of Indian consumers. By offering a seamless customer experience and a wide range of coffee products, First Coffee is well-positioned to capture a significant market share. Additionally, the company's emphasis on sustainability and ethical sourcing practices resonates with environmentally conscious consumers.
As the Indian coffee market continues to evolve, it is likely to see further innovation and disruption. Startups like First Coffee are at the forefront of this transformation, driving the industry forward with their focus on quality, affordability, and convenience. Source: Inc42