Indian startup 'Teabox' raises $7M in Series B funding

Bangalore based Teabox has raised $7 million in Series B funding led by RB investments and participation from existing investors. DBS Bank Ltd will also participate in this round of funding through venture debt.

Teabox, founded in 2012, runs an online portal to ship fresh Indian tea directly to customers across 112 countries, including the US and Russia. Teabox said the funds will be used for expanding the company's back-end infrastructure including cold chain processing centers and to support growth in key markets.

“We are perhaps the only global tea brand to have an extremely strong digital presence. It has not only helped us fuel our growth but has also helped further our multi-channel approach to create a 360-degree experience for the customer through offline formats. We do not want to miss out on this huge potential. This investment is going to help us push the levers in the right direction,” said Kaushal Dugar, Founder, Teabox.

RB Investments Principal Harshavardhan Bothra said, "We are excited about backing the challenger in a large category with a demanding customer. We feel that Teabox’s dynamic team and its innovative supply chain of tea from plantations to cup will enable them to provide the freshest tea to consumers worldwide and redefine the category."