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Ratan Tata Invests In Speciality Tea Firm Start-Up Teabox

This is his 30th investment in start-ups.                                    

Teabox, was founded in 2012, has so far raised $7 million, ratan tata$6 million of which were raised from investors that included Texas billionaire Robert M Bass and Accel Partners in the last round in 2015.

This investment resonates with Tata’s personal liking towards the tea segment. Tata, during his tenure as Chairman of Tata Group, was a brain behind the acquisition of UK’s iconic brand Tetley by Tata Tea. Under his chairmanship, Tata Tea saw several other acquisitions and transformed into what is called Tata Global Beverages.

Ratan Tata’s investments include stakes in three of India’s start-ups worth more than $1 billion — ride-hailing app Ola, online retailer Snapdeal and mobile payment venture Paytm. He has also put money into Chinese smartphone-maker Xiaomi Corp.

Separately, he has joined three venture capital firms — IDG Ventures, Kalaari Capital and Jungle Ventures. Teabox works with 150 plantations in Darjeeling, Assam and Nepal.

Filed in: News

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