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Chai Waale Bags Rs 5 Crore From Angel Investors
07/31/21, 4:09 AM
Location
mumbaiMoney raised
₹50 million
Round Type
seed
Chai Waale, a beverage brand in the quick service restaurants (QSR) space on Friday announced that it has secured financing worth Rs 5 crore from marquee angel investors.
Company Info
Location
mumbai, maharashtra, india
Additional Info
The company said that the funding will promote physical and strategic expansion of Chai Waale throughout the city. Additionally, new flavours of ice tea, desserts, and some quick items are in the pipeline too, the company said in a statement. Additionally, private organisations such as Bengaluru's Unlisted Kart LLP (an online trading platform of unlisted shares) and Chennai-based Conscience Multi Family Office are among the other investors who have played a role in this round of funding, the company said.
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