Chai Point gets USD 20 million in Series C funding

All the existing investors, Eight Roads (Fidelity’s India PE arm), Saama Capital and DSG, participated in this round, with some of them investing super pro rata, a release said on Thursday. 

Amuleek Singh Bijral, co-founder and CEO, Chai Point said a substantial portion of the investment proceeds will go towards deepening the company’s sales, marketing, and service operations for its automated hot beverage dispensing business, boxC. in. which is the next growth driver for the business. 

“High quality tea and coffee is fundamental to our growth and we are going to expand and refine our underlying sourcing program, ‘Garden to Glass’. Also, we will enhance our food menu,” he added.