If all goes well in this economic recovery phase, premium online tea platform Teabox will make a global offline retail foray by the end of the year. The renowned tea startup, backed by marquee venture capital firms such as Accel Partners, RB Investments, NB Ventures and Ratan Tata, is witnessing a 215% jump in demand, and plans go for the next level of funding at the “right time”.
“With the rise in demand for high-quality tea, we are excited to take the experience to the next level through brick-n-mortar retail arena. We are looking forward to a low-key aesthetic entry and are talking to some partners with relevant experience in the same. We have experienced tremendous success with our pilots at Bengaluru/Mumbai Airports and are confident of the experience that can be scaled up,” Kausshal Dugarr, founder and CEO, Teabox, told TOI. By 2022, the company will set up around 20 tea lounges worldwide on a 100% ownership basis. Teabox, through multiple levels of funding, has reportedly raised over…
