Tea cafe chain startup Chaayos will use the fresh capital for tech enhancement, hiring, and store expansion.
Tea shop chain start-up company, Chaayos just came out to announce that the company has raised funds amounting to $ 53 million USD in their latest round of funding. This round was a series C one. It was primarily led by Alpha Wave Ventures. It also saw the participation of other venture capital firms and fund management companies such as Tiger Global Management and Elevation Capital.
When asked what they plan to do with these fresh batch of funds, the company said that they plan to scale up their business, improve their technology and machinery, increase their work force and open many more outlets all across the nation…
