Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 14 2017

Teabox Bags Rs 50 crore From S'Pore Investor

The US, Russia and the UK are Teabox’s top three markets with India coming in fourth but growing at 300% annually.

Teabox, a premium tea brand which sells online, has picked up around Rs 50 crore in a new round of financing led by Singapore-based RB Investments. The Siliguri-based company has also raised venture debt from DBS Bank as part of the funding. Teabox will expand its back-end infrastructure including cold chain processing centres along with amping up its marketing and distribution with the new funds.

Founder & CEO Kausshal Dugarr said “company will explore an offline strategy for the brand in India by opening concept stores like the one it launched in Bengaluru along with increasing presence in high-end supermarkets such as Foodhall and Godrej’s Nature’s Basket. Dugarr, however, said he does not plan to open up tea parlours on the lines of Chai Point and Chaayos.”

The US, Russia and the UK are Teabox’s top three markets, with India coming in fourth but growing at 300% annually. Founded in 2012, Teabox sources tea leaves from Darjeeling, Assam, Nilgiris, and Nepal.

Harshavardhan Bothra from RB Investments said, “We are excited about backing the challenger in a large category with a demanding customer. We feel that Teabox’s dynamic team and its innovative supply chain will enable to redefine the category. RB Investments specialises in seed and growth-stage rounds and has made India investments in start-ups like Swiggy, FabHotels and Faaso’s, among others”.

The company has in all raised $13 million in capital. Teabox qualifies itself as a vertically integrated premium tea brand. With its sourcing centres located at the tea-growing regions, Teabox procures its teas directly from growers and ships across 112 countries globally.

Comment
Related opportunities
  • Other Vocational Training
    Ever since its inception way back in 1998, IWP has..
    Locations looking for expansion Delhi
    Establishment year 1998
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About: Desi Farms was incorporated in the year 2016. We are..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Car wash / Ceramic Coating / Detailing
    About us: Manmachine group is a 32 yrs old company, pioneer..
    Locations looking for expansion Uttar Pardesh
    Establishment year 1987
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 1500 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida City Uttar Pardesh
  • Healthcare Products
    dr batra..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2012
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities