# Cold Brew Tech Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cold-brew-tech-private

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.frnd.app
- Total disclosed funding: $8.6M
- Latest round: Series A (Dec 29, 2021)
- Investors on record: 4

## About

Cold Brew Tech Private Limited is a pioneering social discovery platform tailored for the Indian youth, fostering meaningful friendships through innovative matchmaking and community engagement features.Cold Brew Tech Private Limited, founded in 2018, is headquartered in Bangalore, India. The company specializes in creating social discovery applications that facilitate safe and meaningful friendships among users. It has successfully completed three funding deals, with the most recent being a Series A round in December 2021, where it raised INR 486.780 mn from Krafton Inc. and other investors. The co-founders include Bhanu Tanwar, Hardik Bansal, Harshvardhan Chhangani, and Julie F. Bhanu Tanwar also serves as the CEO, bringing valuable experience from previous entrepreneurial ventures.FRND is a social discovery app designed specifically for the Indian market, catering to users seeking safe and meaningful friendships. The platform enables individuals to connect based on shared interests and preferences, enhancing community engagement and social interaction. Key features include user profiles, chat functionality, and a unique matchmaking algorithm tailored to help users discover potential friends, particularly among the youth demographic in urban and semi-urban regions of India.In the most recent year, Cold Brew Tech Private Limited reported a revenue of INR 8,746,357.60 and an EBITDA of INR 688,261.50. The revenue is primarily generated through in-app purchases and subscription services, allowing users to enhance their experience with features like advanced profile customization and priority access to new functionalities.Moving forward, Cold Brew Tech Private Limited plans to enhance its FRND app by introducing new features aimed at improving user engagement. Additionally, the company is exploring expansion into new geographic markets, targeting regions beyond India by the end of 2024. The recent Series A funding of INR 486.780 mn will support these initiatives, enabling further development of the platform and expansion efforts. This funding round, concluded in December 2021, was led by Krafton Inc. and included participation from Elevation Capital and India Quotient.

## Funding rounds

- Series A, Dec 29, 2021, $6.5M — India Quotient, Elevation Capital, Krafton Inc.
- Series A, Sep 3, 2019, $2M — SAIF Partners, India Quotient
- Seed, Apr 12, 2019, $0.1M — India Quotient

## Investors

- India Quotient (https://capitalatlas.ai/funds/india-quotient) — Seed, Series A
- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series A
- Elevation Capital — Series A
- Krafton Inc. — Series A