Hotline: 1800 102 2007
X
Search Business Opportunities
Growth 2015-05-20

Chaayos plans pan-India move, raises $5 million to fuel expansion

There are many other players in the same segment who are eyeing a big slice of the Indian ‘tea’ market including Tea Box backed by Accel Partners, JAFCO Asia, Dragoneer Investment Group and Chai Point funded by Saama Capital-funded.

By Deputy Features Editor
Chaayos plans pan-India move, raises $5 million to fuel expansion

In last two months, the funding scenario has made new inroads into the food business trends. With food tech start-ups and innovative food players gaining investors attention, food business has seen more than a two dozen food players raising funds and entering into a new era of development and expansion.

Chaayos, the Gurgaon based tea chain has raised $5 million from Tiger Global with participation from Ola Founders Bhavish Agarwal and Ankit Bhati.

Founded in November 2012 by IITians Nitin Saluja and Raghav Verma, this is the first round of institutional funding by the tea chain.

"Consumption of chai is ten times that of coffee in India and is growing at a fast clip. We aim to be India's biggest chai company and want to be present across formats and forms. We have designed innovative kettles that can deliver a litre of chai, keeping it hot for an hour and a half. Presently, we deliver chai and food across Gurgaon but are looking to strongly grow this segment,” shared Verama, Co-Founder, Chaayos.

With this investment, the tea chain is planning to expand its services to Mumbai, Bengaluru and Delhi-NCR with opening of more than 50 outlets.

“We will also use the freshly raised funds for pushing our delivery service through mobile app”, added Verma.

Besides pushing its chai-on-demand service, Chaayos will also focus on retailing its packaged tea blends, which it introduced a few months back, in partnership with Amazon, Big Basket, Grofers and the recently launched Ola Cafe.

Chaayos retails tea leaves, which it sources from tea estates to create its own blends.

Not only this, recently there are many other players in the same segment who are eyeing a big slice of the Indian ‘tea’ market including Tea Box backed by Accel Partners, JAFCO Asia, Dragoneer Investment Group and Chai Point funded by Saama Capital-funded.

Comment
Related opportunities
  • Bars, Pubs & Lounge
    About :  Grandmama's Cafe is an all-day café and bar..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Car wash / Ceramic Coating / Detailing
    About Us: WASH4SURE is Brand Name of Pragun Services Pvt. Ltd. ..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Bars, Pubs & Lounge
    Company Profile: À Ta Maison (or ATM) opened its doors in..
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi New Delhi
  • About Us: Conceptualized to disrupt the salon industry in india, Sooper..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
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
More Stories

Free Advice - Ask Our Experts