AbCoffee

Specialty coffee chain AbCoffee said it has raised $3.4 million (about Rs 28.1 crore) in a series A funding round led by venture capital fund Nexus Venture Partners. Existing investor Tanglin Venture Partners also participated in the round.The Mumbai-based company plans to deploy the new capital to accelerate its supply chain and technology stack, aiming to increase the accessibility and speed of its affordable specialty coffee through its retail “grab-and-go” outlets.Elevate Your Tech Prowess with High-Value Skill…

In the latest instance of tech-first venture capital firms investing in new-age consumer brands with offline presence, Nexus Venture Partners, known for SaaS expertise, is set to lead a $5 million funding round in specialty coffee brand AbCoffee, people in the know said. The round will see the coffee brand’s valuation treble to about $15 million in less than six months.In other deals, Nexus has handed out a term sheet to lab-grown diamond (LBD) maker Aukera, said the people cited above. Elevate Your Tech Prowess with…