Hatti Kaapi, a Bengaluru-based real coffee brand, recently announced a Rs 100 million (Rs 10 crore) pre-Series A round led by BlueWolf Capital, Investribe, Kochi Holdings, and CreedCap Asia.
The current round of funding for Hatti Kaapi highlights the brand’s excellent business model and long-term business continuity plan, which allowed it win significant finance during COVID-19.
Speaking on the funding, U S Mahendar, Chairman and Managing Director, Hatti Kaapi, said, “F&B industry is one of the worst affected sectors because of the ongoing pandemic. Being one of the top performers in our segment also has to bear the brunt of COVID-19 forced shutdowns. Thus, this fresh round of capital infusion through fundraising makes it more special. It showcases our understanding of the ground realities and the agility to adapt to the changing scenario.”
Narayanan, CFO, Hatti Kaapi said “Once we resumed the conversations in June 2021, with a group of global and Indian family offices who were also our patrons, things started to fall in place, and we received funding in our pre-Series A round“