Teabox – The Online Premium Tea Seller Startup have raised an undisclosed amount of funding from Ratan Tata – the former chief of Tata Group. This is now the fifth investment in terms of funding for Ratan Tata.
Teabox is aiming at their expansion to different markets around the world using this funding capital. Founded in 2012, Teabox is operated from Siliguri. They are premium tea brand providers for many locations around the globe and work with over 150+ plantations in Assam, Darjeeling, Nilgiri and Nepal.
Here is what Kaushal Dugar founder and CEO of Teabox said about this news :
Ratan Tata needs no introduction for the kind of strategic direction and commitment he brings to the table. We have grown up admiring and respecting his vision and business acumen on scaling the Tata group to a global level. His direct guidance and experience in the tea industry will surely help us grow Teabox to be the first global premium tea brand from India.
Teabox as a startup in India is said to have raised over $7 Million till date in multiple series of funding. The market of Tea is high-rising not only in India but across many locations in the World. Since quality product is always preferred, it is important to have startups like Teabox who attain global exposure.