Chaayos raised $21.5 million led by Think Investments

Chaayos raiser $21.5 mn in a mix of equity & debt led by Silicon Valley-based Think Investments with participation of SAIF Partners & Tiger Global, where InnoVen Capital participated by investing $3 million as venture debt.

Chaayos owns and operates a chain of retail shops that sells a variety of teas and meals along with facilitating option of dine-in, takeaways, and online delivery.

Operational in 8 Indian cities, its revenue from operations increased by 27.9% to Rs 66.87 crore from Rs 52.25 crore in FY18, with a net loss of Rs 28.75 crore at the end of the FY19.

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