New Delhi-based food-tech startup Tpot has raised undisclosed amount in seed funding from Ashish Gupta, Founder & Trustee of Ashoka University and Co-founder of Evalueserve. Using this fund, Tpot plans to expand its presence by taking its outlet count from 20 to over 50 by the end of the year. Also, the fund will be used in channelising the team expansion and on the ideation of introducing innovative products involving tea.
“Our team has built a strong foundation in Delhi/NCR region. Having gained a good traction in Chai-Nashta segment of consumers here, we are confident to establish our brand presence in the other markets too,” said Robin Jha, Co-founder, and CEO of Tpot.
The company is currently generating revenue of INR 6 crores and is targeting to reach INR 12 crores by the year end; implying 300 percent YoY growth. It aims to serve 0.5 Mn cups of tea per month by the end of 2016.
Launched three years back, the idea of Tpot was initiated by Robin Jha, Asad and Atit. Prominent outlets of Tpot are located at T3 Airport Delhi, Rajiv Chowk Metro Station, MakeMyTrip, Go Ibibo, BPTP Park Centra, World Trade Tower and Malviya Nagar.
It is planning a multi-city launch by next year and is also expected to go high on packaged tea and delivery of refreshments at home. Through its offerings, Tpot wants to be a part of the growing story of health and wellness market in India.