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.