The Croffle Guys Raises Rs 14 Crore Led by V3 Ventures
V3 Ventures led the Rs 14 crore round, with N.A.N Partners also investing.
Key Takeaways
- The Croffle Guys raised Rs 14 crore led by V3 Ventures.
- N.A.N Partners, the family office of Navin Agarwal, also invested.
- The round values the company at Rs 100 crore post-money.
- The company has eight outlets, up from two about a year ago.
- The company said it plans to add more than 40 outlets.
Table of Contents 8 sections
The Croffle Guys, a Mumbai-based quick-service restaurant startup, has raised Rs 14 crore in a funding round led by V3 Ventures. N.A.N Partners, the family office of Navin Agarwal, also invested.
The round values the company at Rs 100 crore post-money. The company sells croffles, a croissant-waffle hybrid, and now runs eight outlets.
The Croffle Guys funding at a glance
| Detail | The Croffle Guys |
|---|---|
| Amount | Rs 14 crore |
| Lead investor | V3 Ventures |
| Other investor | N.A.N Partners, the family office of Navin Agarwal |
| Valuation | Rs 100 crore (post-money) |
| Sector | Quick-service restaurants |
| City | Mumbai |
What The Croffle Guys sells and where
The Croffle Guys makes croffles, which are a croissant-waffle hybrid. It sells sweet and savoury versions.
The company has grown from two outlets to eight in about a year.
The Croffle Guys' journey since 2025
| When | Milestone |
|---|---|
| 2025 | Founded in Mumbai by Rahul Vohra, Annanya Agarwal, Amay Thakkar and Veer Pinto |
| Season 5 of Shark Tank India | Raised Rs 2.5 crore at a Rs 50 crore valuation |
| November 2026 | Raised Rs 14 crore at a Rs 100 crore post-money valuation |
How The Croffle Guys says business is going
The company said its annualised revenue run rate is Rs 24 crore, with monthly revenue of about Rs 2 crore. It said revenue has grown nearly threefold over the last six months.
What The Croffle Guys says it will do with the money
The company said it plans to add more than 40 outlets, mainly in Mumbai and Delhi, with a selective presence in Pune. The company said it aims to reach Rs 100 crore in annual revenue within 10 to 12 months.
The Croffle Guys' network after the new round
The Croffle Guys now has eight outlets, after starting with two about a year ago. The company said it plans to add more than 40 outlets, mainly in Mumbai and Delhi.
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