Chai Kings bags Rs 2 crore funding
The Chennai Angels (TCA) on Thursday announced a Rs 2 crore investment in Chai Kings. Founded in 2016, it is the largest Chai Retail Chain in the metro operating eight stores here.
By : migrator
Update: 2018-08-30 19:54 GMT
Chennai
Chai Kings offers a range of chai in exotic flavours, in a hygienic ambience and at justifiable prices. It also delivers chai or tea at your doorstep through inhouse delivery personnel as well as through the online food aggregators.
Chai Kings are expanding rapidly in Chennai with the target of 100 stores in 5 years. “Sadique and Balaji have built a strong brand with Chai Kings, which has a potential to scale given the vast consumption base. We look forward to working with the team and helping them scale up their operations,” said Piyush Bhandari, who lead the investment from The Chennai Angels.
“We are happy with our progress so far and to have created a niche and following for the brand. This investment coming at the right time will further propel us. This funding proceeds will be used towards adding retail stores and to strengthen our service operations,” said Jahabar Sadique, Co-Founder & CEO, Chai Kings.
“We plan on setting up additional stores to cater to folks in IT parks, malls and few stores in high streets, at a faster pace. There is going to be a sea of new product launches as well” said Balaji Sadagopan, Co-Founder & COO.
The Chennai Angels (TCA) is an active angel investing group. Founded in 2007, it comprises entrepreneurs and business leaders with a track record of starting and scaling large enterprises. Several seed and venture capital firms hold institutional membership in the group.
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