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Bonhomia Raises $500K in Bridge Round of Funding

Dream it, Brew it

Over the past years, the consumption of coffee has become a new trend or you can say a new lifestyle. With an increase in middle class consuming coffee and coffee being the primary reason for people to meet over, there is an instant growth in coffee consumption in India. With the capsule form being dominant consumption format in western nations, companies like Nespresso & Keurig are making a multi-billion dollar out of it. Delhi-based premium tea and coffee pods manufacturing startup, Bonhomia aims to set the same impact in the country.

Bonhomia sips $500K in a Bridge round of funding

Bonhomia is a premium tea and coffee brand. Recently, it successfully raised $500K in a Bridge round of funding that came from its existing investors and some other new investors like Valpro Capital. Bonhomia requires more funding and hence, it is in talks with other powerful investors.

History of Bonhomia

Bonhomia was launched by Indulge Beverages in March 2014 and is owned by Kunal Bhagat and Tuhin Jain. Its specialty includes an exclusive range of signature blends with perfect flavors and intensities that suits the Indian tongue. Bonhomia capsules and brewing machines are wide available in Croma, Foodhall, Hypercity and Nature’s Basket.

In April 2015, the company had raised $2 million group of super angel investors including Kanwaljit Singh, Shripad Nadkarni, Apurva Salarpuria, Ashok Dhingra, Nita Mirchandani, Sarvesh Sahara , Ramrod Advisors, Gidwani family, Tolmolbol and Nitesh Kripalani.

Utilizing the funds

With the newly raised funds, the company plans to strengthen its distribution and manufacturing capabilities. It aims to gain a greater share in the market (estimated $500 million plus) and become a top-notch leader in the Indian Coffee Market. Bonhomia is already operating in over 60 consumer experience zones in India. Now, it looks forward to expand to more than 150 zones by the end of this year.

 

Takeaways:-

  • Bonhomia is a premium tea and coffee brand.
  • With the newly raised funds, the company plans to strengthen their distribution and manufacturing capabilities. It aims to gain a greater share of the market
  • Its specialty includes an exclusive range of signature blends with perfect flavors and intensities that suits the Indian tongue.
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