Chai Kings has raised $1 million in funding from an angel investment group, The Chennai Angels (TCA). The round also saw participation from Hyderabad Angels and TiE India Angels. The company was founded by Jahabar Sadique in 2016.
The company will utilize these funds business growth and expansion. It also target to reach 100 stores in five years.
In a media statement, Jahabar Sadique, CEO of Chai Kings, said, “We are happy with the success and progress of our brand in Chennai, and this funding round will help us expand into newer cities. We hope to enter Coimbatore, Bengaluru, and Hyderabad in this year, and get closer to our target of 100 stores in five years. Apart from expansions, the bulk of this funding will be utilised to strengthen our operations and supply chain management.”
Chai Kings, offers you a sumptuous range of chai in exotic flavours, in the most hygienic ambience, and at perfectly justifiable prices. It is now in more than 30 areas in Chennai.
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