Subko Funding: Following the funding, Subko s valuation has increased to $34 million. The startup said the newly raised capital will be utilised to strengthen the talent pool, develop tech-enabled customer experiences, conduct research and development for product design, among others.
Subko Coffee Roasters will use the funds towards enhancing the talent pool, developing tech-enabled customer experiences, bolstering product and design R&D, improving farm-level infrastructure for speciality green coffee and fine cacao beans, and launching new ‘ready to drink’ coffee products
The VC firm invests in companies that will eventually get rewarded by public market investors. It puts in place a head of finance from the early days and head of people functions at its portfolio companies, said Dipanjan Basu, co-founder and partner.