Chai Point
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 Chai Point Logo | |
| Company type | Privately held |
|---|---|
| Industry | Food & Beverage |
| Founded | 2010 |
| Founder | Amuleek Singh Bijral |
| Headquarters | Umiya Emporium, No. 97, 2nd floor, Hosur Main Road,, , |
Number of locations | 104 (May 2018) |
Area served | India |
Key people | Amuleek Singh Bijral (CEO) |
| Products | Tea beverages, shakes, snacks, sandwiches, packaged foods, hot beverage dispensers, packaged teas |
| Revenue | (150 Crore) |
Number of employees | 1200+ (2017) |
| Parent | Mountain Trail Foods Pvt. Ltd. |
| Website | Chai Point BoxC |
Chai Point is an Indian tea company and a cafe chain which focus on the tea-based beverages.
As of October, 2017, the company also started selling their teas on Amazon.in, making it their first foray into distribution via the e-commerce platform.
History
Chai Point was founded in Bengaluru, Karnataka, India in 2010. The name Chai Point is derived from the word Chai which is the Hindi word for tea.[1]
Products
Tea is the major product. Snacks such as samosas are also sold.[2]
Locations
Chai Point has presence in eight Indian cities with presence across retail locations, airports, and business parks. In addition to physical format stores, the chain has a delivery service branded as 'Chai-on-call' and a vending kiosk based solution called 'BoxC.in' focused primarily at corporation.
Investors
Chai Point raised a total of ₹71.2 crore ($10 million) in round one of funding in September, 2015. Key investors in Chai Point include:[3]. On April 19, 2018, tea retailer Chai Point said it had raised ₹132 crore ($20 million) in series C funding, its single-largest round so far.[4]
- Eight Road Ventures (Lead Investor, formerly Fidelity Growth Partners India)
- DSG Investors
- Saama Capital
- Paragon Partners [5][6]
References
- ^ "Get your favourite Chai delivered in 30 mins - Chai Point". chaipoint.com.
- ^ Borah, Prabalika M. (30 November 2017). "Tea at Chai point". The Hindu. ISSN 0971-751X. Retrieved 27 October 2019.
- ^ "Chai Point - Crunchbase". Crunchbase.
- ^ "Chai Point to invest up to Rs 120 mn, add 30 stores in FY19". Business Standard. 22 June 2018. Retrieved 27 October 2019.
{{cite web}}: CS1 maint: url-status (link) - ^ "Chai Point raises $20 million in Series C funding from Paragon Partner". www.livemint.com.
- ^ "Chai Point gets $20 million fresh funds from Paragon Partners-led investors". The Hindu. Special Correspondent. 19 April 2018. ISSN 0971-751X. Retrieved 27 October 2019.
{{cite news}}: CS1 maint: others (link)