India's First Coffee raises $1.2m led by SG's Beenext

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India’s First Coffee raises $1.2m led by SG’s Beenext

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India’s First Coffee raises $1.2m led by SG’s Beenext

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First Coffee, an Indian specialty coffee brand, has raised US$1.2 million in seed funding led by Singaporean VC firm Beenext.

The company plans to use the funds to open 35 stores in New Delhi and other cities in North India.

Customer Market Insights projects the Indian coffee market will reach over US$1.2 billion by 2032, with a compound annual growth rate of 9.87% from 2024 to 2033.

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