Technoglitch
Core Member
Teabox, the global speciality tea company, is the latest to received funding from Ratan Tata, Chairman Emeritus of Tata Sons. This is the fourth start-up in 2016 to receive the attention of Tata. As with Tata’s investments, this too is an undisclosed amount. The additional capital will be used to fuel Teabox’s growth as it expands to other major markets around the world.
What is significant about this investment is that, it is for the first time that Tata has invested in a tea company.
Ratan Tata with TeaBox founders.
Tata started off 2016 by first investing in Tracxn - a startup intelligence and market research platform, Dogspot – an online pet care platform, and Cashkaro – a cashbacks and coupon site.
Supplies premium tea
Kaushal Duggar, 32. a financial analyst, founded Teabox in 2012 with personal savings of around Rs 40,00,000.
“It is unique that Ratan Tata, who is the architect of the Tetley acquisition, has invested in Teabox,” says Dugar. “For Mr Tata to invest in a 200 year-old industry that is seeing a change with Teabox means a lot to us. It validates not just Teabox but also innovation in an industry that continues to follows archaic ways of functioning.”
Ratan Tata, architect of Tetley buy, invests in specialty tea firm Teabox - Firstpost
What is significant about this investment is that, it is for the first time that Tata has invested in a tea company.
Ratan Tata with TeaBox founders.
Tata started off 2016 by first investing in Tracxn - a startup intelligence and market research platform, Dogspot – an online pet care platform, and Cashkaro – a cashbacks and coupon site.
Supplies premium tea
Kaushal Duggar, 32. a financial analyst, founded Teabox in 2012 with personal savings of around Rs 40,00,000.
“It is unique that Ratan Tata, who is the architect of the Tetley acquisition, has invested in Teabox,” says Dugar. “For Mr Tata to invest in a 200 year-old industry that is seeing a change with Teabox means a lot to us. It validates not just Teabox but also innovation in an industry that continues to follows archaic ways of functioning.”
Ratan Tata, architect of Tetley buy, invests in specialty tea firm Teabox - Firstpost
