VC Fund Investments
Chai Point raises $5.7 M from Kitara Capital, Auctus Capital, DSG Consumer, Others
Bangalore-based Mountain Trail Foods Pvt Ltd, which operates the tea cafe chain and D2C brand Chai Point, has raised USD 5.7 M (Rs. 43.37 Cr) in a round led by Kitara Capital (via Kitara PIIN 1502) with participation from Auctus Capital, DSG Consumer Partners (via DSGCP Souza PCC), Bhim Rathke, Nandan Kuthiala, Mission Street Pte Ltd and Silver Stallion Limited. In FY21, Chai Point's Revenue was INR 57.84 Cr while EBITDA and PAT numbers were - INR 44.77 Cr and - INR 78.49 Cr respectively.
From the Venture Intelligence PE-VC Deal Database: Between Jan-2014 and Apr-2018, Chai Point had raised over USD 40 M from Paragon Partners, DSG Consumer Partners, Saama Capital and Eight Roads Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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