TeaBox, India based online premium tea selling platform, has raised an undisclosed amount in funding from Cameron Jones, an angel investors based out of Singapore. Along with that, the startup has also raised venture debt from DBS Bank Limited, Financial Service Company providing its services in South East Asia. The recent funding round by TeaBox had Ratan Tata as the investor.
Founded in 2012 by Kaushal Dugar, TeaBox is based out of Siliguri, a city in Eastern India famous for tea plantation. It focuses on sourcing and delivering premium quality tea all over the world. Currently, it is working with over 150 farmers across Assam, Nilgiri, Darjeeling and Nepal.
Speaking on the development, Kaushal Dugar, Founder CEO TeaBox stated that the new funding round will help the startup to grow and scale on a faster rate. It will also help to innovate on a better pace and in the coming time, they are looking to enter new markets as well.
With the funding, there were a couple of more announcements by the company. Nicole Naumoff, a veteran professional in marketing and business leadership will join the company as head of Marketing and Amit Sharma will be the head of technology at the startup.
Before this round, the startup had raised $6 million in Series A funding from JAFCO Asia, Dragoneer Investment and Keystone Group and Accel Partners.