Chennai, March 17 -- Chai Kings, Tamil Nadu's leading chai retail chain, has successfully raised USD three million (Rs 24 crore) in its Series-A funding round from A.V.Thomas and Co.(AVT), one
of India's largest packaged tea players.
This strategic investment marks a significant milestone in Chai Kings' journey as it continues to expand its footprint and revolutionize the tea retail experience in India.
With this infusion of capital, Chai Kings aims to accelerate its expansion plans, enhance its product offerings, and further strengthen its supply chain.
The investment will also be utilized to bolster technology-driven customer engagement and operational efficiencies, a Chai Kings press release said here today.
With this latest roun...