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Chai Pe Charcha: Meet 14 Startups Stirring Up The Indian Tea Landscape

Inc42 · 1y ago

Chai Pe Charcha: Meet 14 Startups Stirring Up The Indian Tea Landscape

India has become the top tea-exporting and drinking country in the world, with the tea market expected to reach $14.7 billion by 2032. On International Tea Day, 14 tea brands are highlighted for their game-changing impact on the Indian tea market.

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How Boba Bhai Is Setting The Stage For Bubble Tea Revolution In India

Inc42 · 1y ago

How Boba Bhai Is Setting The Stage For Bubble Tea Revolution In India

Indian company Chai Point, with 27 outlets in seven cities and a revenue run rate of INR 2 Cr per month, is tapping into the growing demand for bubble tea in India. Bubble tea, a popular Taiwanese tea-based beverage, is expected to become a $6.17 Bn market by 2033. Chai Point initially started as a hobby project, but quickly gained popularity, attracting 40,000 to 60,000 customers per month. The company primarily sells its products through online platforms like Swiggy and Zomato, but is also expanding its offline presence. The trend of bubble tea in India is evident on social media platforms like Instagram.

Chai Sutta Cafe expands its Footprint in Dubai with the opening of its new outlet

Startup News FYI

Startup News FYI · 1y ago

Chai Sutta Cafe expands its Footprint in Dubai with the opening of its new outlet

Chai Sutta Cafe, the largest tea chain globally, is opening a new outlet in Dubai. Founded in 2016, the brand has quickly become a popular destination for tea lovers, offering a contemporary and inviting environment. The expansion into Dubai is an important milestone for Chai Sutta Cafe, as it aims to share its exceptional tea blends and inviting ambiance with the people of the region. The brand currently operates in over 320+ cities in India and serves over 4.5 lakh kulhad teas daily. Chai Sutta Cafe also emphasizes its commitment to sustainability and creating employment opportunities for local communities.

Chai Kings bags $3 Mn in Series A round

Entrackr

Entrackr · 3m ago

Chai Kings bags $3 Mn in Series A round

Snippets Chai Kings bags $3 Mn in Series A round Chennai-based chai retail chain Chai Kings has raised $3 million (Rs 24 crore) in its Series A funding round from A.V. Thomas and Co. (AVT). Chennai-based chai retail chain Chai Kings has raised $3 million (Rs 24 crore) in its Series A funding round from A.V. Thomas and Co. (AVT). Earlier in January 2020, the tea brand had raised $1 million in its seed round from Chennai Angels (TCA), Hyderabad Angels and TiE India Angels. As part of this round, The Chennai Angels (TCA) are making a partial exit with substantial returns. The proceeds will be used to accelerate its expansion plans, enhance its product offerings, and further strengthen its supply chain. It will also be used in customer engagement and operational efficiencies. Founded by Jahabar Sadique and Balaji Sadagopan, Chai Kings offers a premium and hygienic chai experience, serving a diverse range of tea blends with a focus on quality, sustainability, and customer delight. Since its inception in 2016, Chai Kings claims to have operated 57 stores across Chennai, Hyderabad, and Coimbatore. The brand is known for its quality tea offerings, sustainable packaging, and customer-centric approach. Chai Kings claims that it will close FY25 with a revenue of Rs 48 crore with a positive EBITDA. The firm has plans to double its revenue over the next two years while maintaining profitability.

Chai Point crosses Rs 200 Cr revenue in FY23; losses slow

Entrackr

Entrackr · 1y ago

Chai Point crosses Rs 200 Cr revenue in FY23; losses slow

Bengaluru-based tea and beverage company Chai Point has achieved revenue of over Rs 200 crore in FY23, with a YoY growth of 89%. The company's losses have also reduced by 17%. Chai Point primarily generates revenue from the sale of teas, snacks, and other beverages through its physical stores and online ordering platforms. It currently operates over 180 stores across major Indian cities. The cost of procurement was its largest expense, and employee benefits saw a 19.2% increase. Chai Point's losses decreased to Rs 70 crore in FY23, and its EBITDA margin stood at -18.9%.

Chai Kings, SHOEGR, and The Bear House secure early-stage funding

VCCircle

VCCircle · 3m ago

Chai Kings, SHOEGR, and The Bear House secure early-stage funding

Chai Kings, SHOEGR, and The Bear House have secured early-stage funding. Chai Kings, a Tamil Nadu-based tea retail chain, raised $3 million from AV Thomas and Co to expand and enhance its offerings. Mohali-based SHOEGR, a shoe care brand, received $100,000 from PedalStart for product expansion. The Bear House, a men’s apparel brand, secured Rs 1 crore from Namita Thapar during Shark Tank, valuing the company at Rs 100 crore.

Chai Sutta Bar founder uses cuss word in motivational post; user replies "Bro...chill you just sell flavoured chai"

IndianStartupNews

IndianStartupNews · 1y ago

Chai Sutta Bar founder uses cuss word in motivational post; user replies "Bro...chill you just sell flavoured chai"

Anubhav Dubey, the founder of 'Chai Sutta Bar', faced backlash on social media after his attempt at a motivational post using a cuss word backfired. His statement, "We are making f**king Army here," accompanied by a meeting photo, went viral but received more criticism than inspiration. Netizens questioned the need for an "army" to sell tea and highlighted that using profanity does not make one cool. Despite this, Dubey has achieved success with 'Chai Sutta Bar', which has a claimed turnover of Rs 150 crore and over 500 outlets worldwide.

Exclusive: Chai Shots to raise $5 Mn from General Catalyst and InfoEdge

Entrackr

Entrackr · 29d ago

Exclusive: Chai Shots to raise $5 Mn from General Catalyst and InfoEdge

Exclusive: Chai Shots to raise $5 Mn from General Catalyst and InfoEdge Hyderabad-based microdrama over the top (OTT) platform Chai Shots is raising $5 million in its maiden funding round, two sources aware of the development told Entrackr. “General Catalyst along with Info Edge are in advanced stages of closing a new funding round in Chai Shots,” said a source requesting anonymity. “A few angel investors may also participate.” Chai Shots is a short-video streaming platform with episodes under two minutes, available in several Indian languages. The platform is created by the team behind Chai Bisket, a popular digital media and storytelling company. The Chai Bisket team has built a content ecosystem over nine years, covering reels, podcasts, films, and regional stories through platforms like First Show, Mutiny Talent, Studio Panchatantra, and Chai Shots. The Chai Shots platform is still being developed and is expected to launch soon. “The official launch and funding announcement might take a few weeks,” said another source. The person also mentioned that interest in this space is growing, and a few more startups are likely to raise funds soon. Earlier this week, Flick TV, a similar startup, raised $2.3 million in seed funding led by Stellaris Venture Partners, with participation from Gemba Capital and Titan Capital. Chai Shots will also face competition from Kuku FM’s Kuku TV, ShareChat’s QuickTV, Reel Saga, and Reelies. Queries sent to Chai Shots, General Catalyst, and Info Edge did not elicit a response until publication of the story.

Revenue-linked financiers bet big on SaaS companies

Economic Times

Economic Times · 1y ago

Revenue-linked financiers bet big on SaaS companies

The article discusses the growing popularity of revenue-based financing among early-stage SaaS startups. As the demand for capital increases, revenue-based financiers are stepping up their game to meet the funding needs of these startups. This alternative financing model offers flexibility compared to traditional venture capital funding and allows startups to repay the investment based on a percentage of their future revenues. This trend indicates a shift in the startup funding landscape and provides more options for entrepreneurs looking to scale their businesses.

At the Maha Kumbh Mela, these startups are learning to hustle afresh

Livemint

Livemint · 5m ago

At the Maha Kumbh Mela, these startups are learning to hustle afresh

At the Maha Kumbh Mela, several startups like Blinkit, Swiggy’s Instamart, PhonePe, and Chai Point are leveraging the opportunity to expand their customer base beyond traditional markets. These companies have set up temporary operations, offering products at adjusted prices to cater to the massive influx of pilgrims. This event presents a unique platform for brand awareness and consumer engagement, allowing startups to interact with a wider demographic and gather insights for future expansions.

Are Indian startups a mere copy of their US counterparts?

YourStory

YourStory · 1y ago

Are Indian startups a mere copy of their US counterparts?

Indian startups draw inspiration from successful ventures in the US but adapt and localize ideas to cater to the specific needs of the Indian market. They tackle unique challenges prevalent in the country, embrace frugality, and prioritize scalability. Cultural nuances and tech leapfrogging play a significant role in shaping their ideas. While US startups benefit from a robust venture capital ecosystem, Indian startups navigate an evolving investment landscape. In summary, Indian startups are not mere replicas but adaptors, innovators, and localizers, crafting tailored solutions and making them distinct players in the global entrepreneurial landscape.

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