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June 29, 2014

Deal Alertt: Tea cafe chain firm Chaayos raises funds from Powai Lake Ventures; scouting for VC round

NCR-based tea cafe chain 'Chaayos' has raised angel investment of over Rs 2 crore from Powai Lake Ventures and is looking to raise venture capital to open nearly 50-odd stores across the country. Currently, there are five cafes with the theme 'Experiments with Chai' in Gurgaon and Noida and five more would be opened by the end of this year. The chai chain is also looking to sell merchandise including adrak-tusli chai, desichai, green tea, chai masala and chaimug. 

Source: Business Line

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