Other Private Equity/Strategic Investments
Tea retail chain Chai Kings raises $3-M from AV Thomas and Co.
Chennai-headquartered tea retail chain Chai King has raised USD 3 million in a Series A funding round from AV Thomas and Co. (AVT), a packaged tea player.The fresh funds will be used by the company to expand, improve product offerings, strengthen supply chain, enhance customer engagement, and improve operational efficiencies.Chai king operates across Chennai, Coimbatore, and Hyderabad. The company also caters to private events.
Between Aug-18 and Oct-19, Chai Kings had attracted funds from Chennai Angels, Piyush Bhandari, Hyderabad Angels, TiE India Angels, othersFor FY24, Chai Kings had reported about INR 43 Cr in Operating Income and about INR 1 Cr in Net Loss.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
