The Croffle Guys raises Rs 14 crore led by V3 Ventures at Rs 100 crore post-money valuation. The QSR startup plans to expand its store network with 40+ new outlets.
Amount Raised
₹140 Million
Round Type
Seed
MumbaiFood and BeverageHospitalityInvestors
Description
The Croffle Guys, a Mumbai-based QSR startup, has raised Rs 14 crore in a funding round led by V3 Ventures with participation from N.A.N Partners, the family office of Navin Agarwal. The round values the company at Rs 100 crore post-money. The capital will be used to expand the store network, targeting more than 40 new outlets primarily in Mumbai and Delhi. The company currently operates eight outlets with an annualized revenue run rate of Rs 24 crore and targets Rs 100 crore in annual revenue over the next 10-12 months.
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