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Delhi-based chai-nashta start-up Tpot Cafe closes pre-series A funding
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Wednesday, 30 November, 2016, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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fiogf49gjkf0d Tpot Cafe, a start-up specialising in chai-nashta announced the closing of their pre-series A funding from Ashish Gupta, founder and trustee, Ashoka University, ex-co-founder and chief operating officer, Evalueserve, and principal investor, Tpot.
With the infused funding, Tpot plans to expand its presence by opening 19 more outlets by the end of the year and 150-200 outlets in at least four or five cities by March 2018.
Having created its niche in corporate houses like MakeMyTrip, goibibo, BPTP Park Centra, World Trade Tower, Tpot is eyeing expansion into this space.
Tpot, which currently has 21 outlets across Delhi and the National Capital Region (NCR) will add 19 new outlets at corporate offices, metro stations and hospitals, following the model of being highly accessible to the customers.
The idea of Tpot was initiated by a team of three young corporate individuals, who turned food entrepreneurs for their love of chai-nashta. Going by its current revenue figure of Rs 6 crore, the company has set itself a target of Rs 12 crore by March 2017.
Robin Jha, co-founder and chief executive officer, Tpot stated, “We plan to realise the target in a phased manner by opening over 40 outlets by the year-end, and are also planning multi-city launches by opening 150-200 outlets by 2018.”
“Besides, the company is also expected to introduce a varied range of packaged teas and delivery of refreshments at home. Through its offerings, Tpot wants to be a part of the growing story of the health and wellness market in India,” he added.
“Tpot Cafe’s concept of reaching everyone at the same time is unique to the market, and has resulted in extremely rapid growth to date. We are excited to extend our association with the team as they continue to strengthen their market leadership and drive further exciting growth opportunities,” stated Gupta.
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