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Chai is one of the most popular beverages and some of the Startups have gained the first mover advantage in the segment. To name few Chaayos, Chai Point and Teabox are in the list. Yet the size of the market which is estimated to be worth 33,000 crore, still has wider and deeper scope due to the established demand of tea from all sections of the society. Keeping that in mind Chai Thela started their operations in the year 2014 and with the vision to expand their operation in Delhi/NCR they have raised seed funding for INR 1.5 Cr from Quarizon. The investment was led by Quarizon’s Chairman Aditya Gupta, who will also be joining the company’s board.
As reported in YourStory the company founder Pankaj Judge said “We are happy to have Quarizon on board as an investor and strategic partner. Quarizon understands scale, strategy and has the right approach for growth and we look forward to a successful association with them.”