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Chennai’s Largest Chai Retail Chain Raises 2 Crores From Chennai Angels

30Aug By AnkitaNo Comments

FUNDING

Chennai’s Largest Chai Retail Chain Raises 2 Crores From Chennai Angels

Chai Kings, the largest Chai Retail Chain in Chennai raises 2 crores from India’s most active angel investing groups Chennai Angels. Founded in 2016, Chai Kings is the largest Chai Retail Chain in Chennai operating with 8 stores. Chai Kings offers a sumptuous range of chai in exotic flavours, in the most hygienic ambiance, and at perfectly justifiable prices. Chai Kings also delivers Chai at doorsteps through in house delivery personnel as well as through the online food aggregators. With the vision to be the favourite chai place, Chai Kings is 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 great potential to scale given the vast consumption base in the country. We look forward to working ...

20Aug By Gauri SinghNo Comments

INDIA

The 170 Year Old Journey of Chai in India

There is barely a person in India who is not fond of chai that is tea. But do you know where did it come from? So let’s talk about the 170 years of Chai in India. The craze of Chai started when a Scottish mandarin smuggled a tea plant from China in 1848, where the Chinese people have been drinking it for around 2,000 years. Long ago, the value of tea was very high. In 1635, the prices of tea in England were as high as £6 to £10 per pound of the herb (£600 to £1,000, today). Later in 1662, in the wedding of King Charles and Catherine of Braganza, her dowry comprised of a chest of tea, and the island of Bombay for an annual lease of £10, which was then equal to the cost of a pound of tea in England. However, later by the 18th century, due to certain reasons, the English were not able t...

20Apr By NitishNo Comments

FUNDING

Chai Point Raises $20 Million Series C Funding

Bengaluru based Popular beverage chain Chai Point raises USD 20 million Series C funding round, led by Paragon Partners, which will be allocated towards spurring its growth in India. Founded in 2010, Chai Point is an organized brand in the Rs.1.5 Lakh crore tea market targeting one billion Indians. With the average per capita consumption of the beverage increasing at a steady rate of 20-30 percent, the market is ever expanding. The company, who offers nearly 0.3 million cups of Chai a day across all its channels, stores, delivery, and dispensers is poised to do five-fold more in the next three years. "This funding round is primarily aimed at further strengthening the brand's multi-channel go-to-market. A substantial portion of our investment proceeds will go towards deepening our ...

Indian Chai Stirred Into Silicon Valley Coffee Culture

29May By AnkitaNo Comments

Story

Indian Chai Stirred Into Silicon Valley Coffee Culture

San Francisco (AFP) - In a Silicon Valley culture known for brilliant ideas boiling up in coffee shops, Gaurav Chawla is pouring his heart into chai. Chawla was on a break from his job as an engineering manager at San Francisco-based cloud-computing star Salesforce when he began lamenting how tough it was to find a cup of chai as good as he makes it at home. That frustration, and echoed complaints by other natives of India, where the blend of spiced tea and simmered milk is woven into daily lifestyles, prompted him to start tinkering. "I took a rice cooker apart and reconfigured it to make chai," Chawla told AFP. "It made good chai, and I realized this process could be automated." While his background is in software engineering, Chawla went to work developing a chai machine as simple t...