Plans to strengthen the core team
Sleepy Owl, a startup based in New Delhi, has raised $6.5 million in funding, led by existing investor Rukam Capital.
The series A funding raised by the direct to consumer (D2C) company, which operates in the ready-to-drink coffee space, also saw participation by existing investor DSG Consumer Partners and others.
Sleepy Owl aims to solidify their core team, build a robust distribution network across India for increased demand of their brews, and firm up its marketing initiatives.
Founded in 2016, Sleepy Owl sells ready-to-drink cold brew coffees, brew boxes, brew packs and brew bags. The company was co-founded by Ajai Thandi, Arman Sood and Ashwajeet Singh. The trio gave up their corporate jobs to pursue their shared dream of building their own venture.