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Chai King Raises $1 Million From Chennai Angels

8Jan By NitishNo Comments

FUNDING

Chai King Raises $1 Million From Chennai Angels

Chennai, 8 Jan 2020: The Chennai Angels invested 1 million USD in Chai Kings-Chennai’s largest Chai Retail chain along with Hyderabad Angels and TiE India Angels, who have also participated in this round. “We are very excited to partner with Chai Kings in the bridge round. We believe the company has a strong leadership team with immense potential to grow and expand across India. The new investment reiterates our commitment towards building a sustainable and scalable Indian QSR.”, said Mr. Piyush Bhandari who lead the investment from TCA. “We are happy with the success and progress of our brand “Chai Kings” in Chennai and this funding round will help us expand into newer cities. We hope to enter Coimbatore, Bangalore and Hyderabad in this current year and get closer to our target of...

The Chennai Angels invest $145000 in The Indus Valley

5Jul By AnkitaNo Comments

FUNDING

The Chennai Angels invest $145000 in The Indus Valley

The Chennai Angels (TCA) raises $145000 in The Indus Valley, engaged in running an online healthy cookware products store. The Indus Valley, was founded in 2016 by the husband and wife duo Jagadeesh Kumar and Madhumitha Udaykumar. Their idea is to transform Indian kitchens with healthier cookware options. The funds will be used to expand their presence in India’s growing home and cookware products space. “Indus Valley is a natural cookware brand designing and selling healthy cookware options that are made using natural materials like iron, clay and wood, working with artisans to produce the products. Their core customers are women in major cities between 25-40 years of age, who are health conscious. The cookware industry is poised to grow at 21% p.a. and customers are...

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 ...

Survaider Raises $500K in Pre-Series A From Axilor Ventures and Others

28Feb By AdityaNo Comments

FUNDING

Survaider Raises $500K in Pre-Series A From Axilor Ventures and Others

Chennai, February 28, 2018: Survaider, a SaaS based Customer Experience Management platform has raised $500k funding. The round was co-led by The Chennai Angels and Axilor Ventures with participation from other angels. The team had earlier raised a small round from Axilor Ventures in 2016. With this round of funding, Survaider, a leader in the segment, aims to focus on product enhancement, expanding to other verticals, in India as well as internationally. Founded in 2016, Survaider is a plug and play SaaS solution which helps brands to measure, understand and improve customer experience. By aggregating customer opinions from across channels like direct feedback, social media, review websites, CRM and helpdesk, it helps businesses in accurately measuring loyalty and satisfaction sc...

24Jan By AdityaNo Comments

FUNDING

Paperflite Secures US$400K Seed Funding Led by The Chennai Angels

SaaS Startup, Paperflite which is on a mission to transform how B2B marketers deliver and measure content marketing has a closed a $400K seed funding round, led by The Chennai Angels, India’s leading angel investing group. Girish Mathrubootham, Founder and CEO of Freshworks, T R Santhanakrishnan, CEO of Datatracks and ex-CFO of Sutherland Global Services, Mithun Sancheti, CEO of Caratlane participated in the round as a part of The Chennai Angels amongst others. “We are excited to join Paperflite to enable them fully harness the rapidly growing demand for the product. With increasing levels of sophistication that buyers expect, Paperflite helps businesses leverage content effectively to create value at every stage of the buying journey and improve sales effectiveness”, said Ajit Chordia w...

29Jun By AnkitaNo Comments

FUNDING

VelvetCase.com Secures Second Round of Funding From TV Mohandas Pai & Others

VelvetCase.com has announced its placement in the second round of funding from marquee investors like Unicorn Ventures Fund, which has now made six investments across diverse sectors, along with participation from well-known angel investors T.V. Mohandas Pai and S. Somasegar via the LetsVenture and Chennai Angels. VelvetCase will be infusing the freshly raised funds in technology, marketing and seller acquisition. The online destination for jewellery has grown over 300 percent year on year (YoY) with a unique cost-effective business model-no inventory, rich customer service, higher value product sales. "While access is great, we know that consumers also need to be assured about the quality of the jewellery that they are buying from an independent designer in Jaipur. We have built ou...