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Sep, 14 2018

Artha Venture Fund Invests Rs 1.25 Cr Seed Funding in Tea Startup Haazri

Haazri is a quick service restaurant startup that serves tea, filter coffee and snacks in areas with high corporate traffic.

Tea Startup Haazri has raised Rs 1.25 crore seed funding from investment firm Artha Venture Fund. Haazri is a quick service restaurant startup that serves tea, filter coffee and snacks in areas with high corporate traffic.

Presently operating only in Mumbai, the firm will use the funds to start outlets in 20 new locations across the state. Incorporated in 2016, the company was founded by Karan Shinghal, Dhruv Agarwal and Arjun Minda.

The tea startup currently has 4 outlets in the city, which caters to 50 offices.

Haazri will deploy part of the funds to hire senior talent for business development, marketing and operations functions.

Dhruv Agarwal, Co-founder of Haazri, said, "Our vision with Haazri is to raise the standard of the street food culture in India. Over the past six months, Artha has pushed us to shape our brand into a one-stop solution for the coveted 10-minute break from the office. We are thrilled to have Anirudh Damani on board as a mentor. We consider Artha nothing less than a partner in this journey to grow Haazri."

Anirudh Damani, Managing Partner of Artha Venture Fund, said, "Hygiene and standardization have become imperative for millennials. They want every product to offer these qualities at an affordable price. Haazri checks off all these boxes and their low capex setup cost will allow them to scale rapidly. Therefore, they are an ideal candidate to operate as a franchise model."

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