Private Equity PE-VC Fund Investments
Snacks & beverages seller TABP raises $3-M led by LC Nueva
Source TABP Snacks and Beverages (opens in a new tab)Yourstory (opens in a new tab)
Coimbatore-based TABP Snacks and Beverages has raised USD 3 million (INR 26 crore) led by LC Nueva, with participation from Entrust Family Office and investors Arun Mukherjee and Soumya Malani.Founded in 2018 by Prabhu Gandhikumar and Brindha Vijayakumar, TABP sells affordable packaged beverages inspired by local street drinks for mass-market consumers.The fresh funds will be used by the company for expansion of distribution across southern and eastern states, introduction of new beverage formats and scale manufacturing capacity.
Between Mar-21 and Dec-22, TABP Snacks had attracted about USD 3.89 M from Yukti Securities, LC Nueva, and others.For FY24, TABP Snacks had reported about INR 80.08 Cr in Operating Income.