chaayos | Pixr8 News

Chaayos, run by Sunshine Teahouse Pvt Ltd, has raised around $2 million from its existing investor Tiger Global Management in an internal funding round, as per the source Mint. The funds will be utilised to expand tea cafe chain of Sunshine Teahouse, running under the brand name Chaayos. Gurgaon based Chaayos was founded by Nitin Saluja and Raghav Verma in November 2012, and has now set up its own tea cafes in cities- Delhi-NCR, Mumbai, Chandigarh and Karnal. “Chaayos has recently raised funds from its main investor Tiger Global. The funds were raised through a rights issue, which was closed a few weeks ago. Tiger Global invested close to $2 million in the company in the round. A few individuals also participated in the round,” a person familiar with the matter said. In the current...

Homegrown tea cafe chain Chaayos is looking to scale up its presence in Mumbai and Delhi, and plans to open about 20-30 outlets in the next few months. "We are looking at expanding in and around our current hubs Delhi and Mumbai. We are looking to open about 20-30 outlets in the next few months," Chaayos co-founder Raghav Verma told Pixr8. Chaayos currently runs 31 outlets across Delhi-NCR and Mumbai. "We can open another 15-20 outlets in Mumbai itself going forward, as it is under-penetrated. We are looking to open outlets in Pune, Gujarat, Goa, Chandigarh, Jaipur, and highways around NCR this year," he added. The Tiger Global-backed company is also betting big on the deliveries business, Verma said. "Our deliveries business is growing rapidly at almost 20 per cent month on...

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Chaayos Raises $2 Mn From Tiger Global Management

Chaayos Will Open 20-30 Outlets in Few Months