Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 21 2014

Teabox raises fund

Received USD 1 million from Accel Partners and Horizen Ventures.

Teabox, which sources and ships tea from Darjeeling, Assam and the Nilgiris, has raised USD 1 million funds from Accel Partners and Horizen Ventures.

Commenting on the same, Kaushal Dugar, Founder, Teabox, said, “Since freshness and quality of tea deteriorates significantly with time, we believe that our technology supported by supply chain infrastructure and innovation will help us reach the end customers in a much shorter period of time.”

The company has planned to expand its subscription service, catalogue and aggressively enter target markets in the next few months.

Prashant Prakash, Senior Partner, Accel Partners, stated, “The tea industry, which is expected to touch USD 40 billion in turnover, is ready for disruption. We see great potential in Teabox becoming the next global tea brand from India.”

Founded in 2012, Teabox has a fulfilment center near Darjeeling, West Bengal and sources premium tea directly from the plantations. The company has its presence in over 65 countries offering over 100 varieties of tea.

Comment
Related opportunities
  • Coffee Shop Franchise Opportunities in India – Why BrewBakes? About Us: Over..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi Delhi
  • About Us: ARC, a premium brand of Jindal Stainless Group, is..
    Locations looking for expansion New Delhi
    Establishment year 2003
    Franchising Launch Date 2003
    Investment size Rs. 30lac - 50lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • About Us: Welcome to the world of premium modular kitchens, crafted..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 30lac - 50lac
    Space required 900
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Mr. Bean's Pizza started its operations in Jaipur in 2013...
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2013
    Investment size Rs. 10lac - 20lac
    Space required 330
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
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