West Bengal-based Teabox raises an undisclosed amount from Dubai’s NB Ventures, other investors

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Teabox, an online tea shop and delivery service, based out of West-Bengal, has raised an undisclosed amount from NB Ventures, along with other existing investors.

While, the company claimed that it has sold over one billion cups of tea to consumers across 117 countries including geographies such as the US, India, and Russia.

“We believe in their vision of creating an omnichannel experience given the existing international appeal of their products and look forward to assisting them in their expansion plan leveraging our strong experience and connects,” Neelesh Bhatnagar, CEO of NB Ventures, said.

Teabox is an online tea shop that delivers, every single day, the freshest Indian teas from estates in Darjeeling, Assam, and the Nilgiris as well as freshest teas from Nepal to tea lovers everywhere.

While, founded in 2016, NB Ventures, based out of Dubai, is an early-stage venture fund and has funded over 30 startups so far.

These startups are spread across geographies like US, GCC, India, and France across key sectors including health and beauty, logistics, education, and sustainability.

“This funding has capacitated us to raise a significant amount for our future growth prospects and we are even more upbeat about the opportunities in front of us and are looking to build our expertise accordingly,” Kausshal Dugarr, founder and CEO of Teabox, said.

Teabox recently opened an experiential store at the Bengaluru International Airport and plans on opening a few more in the coming months.

The company claims that the tea leaves used in their product are sourced from over 120 estates across India and Nepal.

The company said that it has an in-house tea tasting panel with a cumulative experience of 100 years of picking teas for their texture, colour, scent, and purity. It is this panel that decides which tea gets on the Teabox catalogue.

Besides Teabox, there are other startups in the similar domain, including Chaayos, Udyan Tea, infinitea, Chai Point, Chai Patty, and many more.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Jenifer Aniston, Reese Witherspoon re-enact ‘Friends’ episode

Los Angeles, Oct 20 (IANS) Actresses Jennifer Aniston and Reese Witherspoon re-enacted an episode from the hit sitcom "Friends",...

UK PM refuses to sign letter requesting Brexit delay

London, Oct 20 (IANS) UK Prime Minister Boris Johnson has sent a letter to the European Union (EU) to request a Brexit delay, but...

Isla Fisher goes to market without make-up

Los Angeles, Oct 20 (IANS) Actress Isla Fisher went for a make-up free look for a trip to a market here.The actress, 43, opted...

‘Need mass movement against NGOs protesting development’

Panaji, Oct 20 (IANS) Union Minister for Railways Piyush Goyal has called for a mass movement against NGOs who protest development, calling it the...

UK MPs vote for amendment to force Brexit delay

London, Oct 20 (IANS) British lawmakers have voted for a key amendment to force British Prime Minister Boris Johnson to seek another Brexit extension...
- Advertisement -

More Articles Like This