Navin AgarwalRahul VohraAmay ThakkarKunal BahlMohit YadavAnnanya AgarwalVeer PintoV3 VenturesN.A.N PartnersThe Croffle Guys

The Croffle Guys raises ₹14 crore at ₹100 crore valuation, doubling its Shark Tank India-era worth

The Croffle Guys, a Mumbai-based startup, has raised ₹14 crore at a valuation of ₹100 crore, doubling its worth since appearing on Shark Tank India. The funding round was led by V3 Ventures and N.A.N Partners, aiming to expand from eight to over 40 outlets across India.

Indian Startup News Indian Startup News3 November 2026 · 12:18 UTC
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The Croffle Guys, a Mumbai-based quick-service restaurant startup, has successfully raised ₹14 crore in a funding round led by V3 Ventures and N.A.N Partners, valuing the company at ₹100 crore post-money. This valuation is a significant increase from the ₹50 crore valuation during its appearance on Shark Tank India, where founders Kunal Bahl and Mohit Yadav invested ₹2.5 crore for 5% equity.12

The Croffle Guys plans to utilize the new capital to expand its footprint from eight to over 40 outlets, primarily in Mumbai and Pune. The startup has experienced rapid growth, increasing its outlets from two to eight within a year, all of which are company-owned, as they do not intend to franchise.56

Currently, the company operates at an annualized revenue run rate of ₹24 crore, with monthly revenues around ₹2 crore. The revenue has surged nearly threefold in the past six months, and the startup aims to reach ₹100 crore in annualized revenue within the next 10-12 months, targeting monthly revenues of approximately ₹8 crore.78

Sales are driven by sweet croffles (50%), savory items (25%), and sides and beverages (25%), with an average order value of ₹475. Revenue is generated through both online and offline channels, contributing roughly equally to the total.9

Founded in 2025 by friends Rahul Vohra, Annanya Agarwal, Amay Thakkar, and Veer Pinto, The Croffle Guys was inspired by their discovery of croffles during a trip to Thailand. Its first outlet opened in Santacruz, Mumbai, on 18 May 2025.34

Key Insight
“The company has grown from two outlets to eight in a year, all company-owned, and plans to add over 40 more. It targets ₹100 crore annualised revenue run rate within 10-12 months, up from the current ₹24 crore.”
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“Mumbai-based quick-service restaurant () startup The Croffle Guys has raised Rs 14 crore in a round led by V3 Ventures, with participation from N.A.N Partners, the family office of Navin Agarwal. The round values the startup at Rs 100 crore post-money.”
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EARLIER IN THE STORY:
Premium grocery startup Solgram raises over $1 million in pre-seed round; Kapil Chopra joins as investor, funds to fuel NCR expansion
Indian Retailer
Premium grocery startup Solgram raises over $1 million in pre-seed round; Kapil Chopra joins as investor, funds to fuel NCR expansion

Gurugram-based premium grocery startup Solgram has secured over $1 million in a pre-seed funding round led by DSG Consumer Partners and Saama Capital.

N.A.N PartnersPremium Grocery NcrQsr Expansion
2026-11-03
TL;DR by CuriousCats.ai
  • Solgram has secured over $1 million in a pre-seed funding round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra also joining as an investor.
  • The funding will be used to strengthen cold-chain infrastructure, upgrade technology, build sourcing partnerships, and expand across NCR.
  • Founded by Shashank Shekhar Sharma, Solgram operates a premium grocery platform offering fresh produce, dairy, meat, seafood, and other products that require temperature-controlled storage and transportation.
  • Currently serving customers in Gurugram, Solgram plans to expand its presence across the NCR before entering other Tier-I cities in the coming months.
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