Supporting high-potential entrepreneurs that revolutionize sectors via innovation, quality, and customer-centricity is something we at Hyderabad Angels are really proud of. We are thrilled to announce a major milestone today from one of our portfolio startups: Chai Kings, a rapidly expanding chai retail chain, which has raised $3 million (Rs 24 crore) from A.V. Thomas and Co. (AVT) in its Series A fundraising round.
This accomplishment not only represents a significant turning point in Chai Kings’ growth trajectory, but it also shows how confident investors are in India’s thriving tea retail market.
From Initial Investment to Robust Returns
During its seed round in 2020, Hyderabad Angels, The Chennai Angels (TCA), and TiE India Angels had invested in Chai Kings, supporting its first expansion and enabling it to expand throughout other cities. The Chennai Angels (TCA), who are making a partial exit with significant returns as part of this new funding round, are reaffirming the long-term worth of wise early-stage investments.
What Will Happen to Chai Kings Next?
Chai Kings is expected to strengthen its supply chain, expedite its expansion goals, and improve its product options with this new investment. While upholding its dedication to sustainability and quality, the brand is concentrated on improving consumer engagement and operational effectiveness.
Offering a high-end and hygienic tea experience, tea Kings has expanded to 57 locations in Chennai, Hyderabad, and Coimbatore since its founding in 2016. The company is expected to end FY25 with a revenue of Rs 48 crore and a positive EBITDA thanks to its solid foundation and clear growth strategy. It also has aspirations to double its revenue within the next two years while still being profitable.
Hyderabad Angels: Supporting Forward-thinking Entrepreneurs
At Hyderabad Angels, we make investments in driven businesspeople who are changing markets and fostering long-term company expansion. The transformation of Chai Kings from a seed-stage business to obtaining a sizeable Series A investment is evidence of the effectiveness of strategic capital, guidance, and a well-thought-out execution plan.
We anticipate seeing Chai Kings continue to succeed in advancing India’s tea culture through innovation and quality as it enters this next stage of development.
Kudos to the whole Chai Kings team for this outstanding accomplishment!
