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Dwija Foods, a business-to-business beverage vending company, has raised Rs 5.15 crore led by Negen Capital AIF. This is the maiden funding round for the Mumbai-based startup.
Founded by Dibakar Chatterjee, Jayati Chatterjee, and Shailesh Pardeshi in January 2020, Dwija Foods provides tech-enabled brewing focussed on delivering a wide range of choices in tea, coffee and adjacent beverages to enterprises through their brand ‘XTC’. The company also serves corporates and HoReCa across the country through direct and distributor channels.
Dwija Foods claims to have all machines are ‘Made in India’ even as the company makes extensive investments in R&D for brewing technology, contactless vending solutions and IoT enablement.
According to the company, it is in business with more than 150 customers including marquee corporate and MNC clients such as Google, Tata Capital, The Blacksoil Group, HDFC Bank, and Turtlemint. The firm has installed over 600 vending machines and 400 more are in the pipeline.