Snippets

Sleepy Owl raises $6.5 Mn in Series A funding

D2C coffee brand Sleepy Owl has raised $6.5 million in a Series A funding round led by existing investors Rukam Capital and DSG Consumer Partners.

Satyaki

22 Nov 2021 11:11 IST

New Update

Sleepy Owl raises $6.5 Mn in Series A funding

D2C coffee brand Sleepy Owl has raised $6.5 million in a Series A funding round led by existing investors Rukam Capital and DSG Consumer Partners.

The fresh funds will be used to boost its core team, distribution network and marketing.

Founded in 2016 by Ajay Thandi, Arman Sood and Ashwajeet Singh, Sleepy Owl offers coffee across different verticals, including hot and cold brew packs, ready-to-drink cold brew bottles, ground coffee and brew box suites are few of the many.

The New Delhi-based brand has a presence through more than 1,700 outlets in Delhi NCR, Mumbai, Pune, Indore, Bhopal, Chandigarh and Jammu, and has catered to over 60,000 customers till date. By March 2022 the company is planning for an annualised revenue run rate of 60 crore.

funding Sleepy Owl

Advertisment

Disclaimer:

Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.