Teabox, premium tea brand Raises $6M

What does Teabox do?

Teabox, is the premium tea brand which delivers tea directly from the origin to the customer. It is an India based company which sells tea online globally.  It has a fulfillment center in the heart of tea producing regions and ships the freshest teas in the world. Teabox’s teas are chosen by tea experts to customers globally within 2 days of production.

It has a selection of over 150 fresh teas from over 75 different tea plantations in Assam, Nepal, Darjeling, Nilgiri and Kangra. Teabox provides the biggest selection of single estate and premium fresh teas online.

How much Teabox was funded?

The India based tea brand, Teabox was funded $6 M funding on March 24th, 2015 by Accel Partners, Keystone Group, JAFCO Asia and Dragoneer Investment Group.

Previous funding

Undisclosed amount in Equity crowdfunding on July 17th, 2012

$1 M in Seed round on March 14th, 2014 from Accel Partners.

What is next for Teabox?

The latest funding will be used to grow its business overseas. The company’s intent is to open centers in Korea, China, Japan.  This will enable delivery to customers within 3-5 days and provide better local customer support.

It is also planning to open an office in the U.S. The location might be Seattle, Chicago, San Francisco which are the frontrunners, but the goals is to build a brand and platform to improve the service in American market.

The company is also planning to leverage the internet to build the world’s first vertically integrated tea e commerce. The latest funding will help them move to the next level and build a great team and target new markets and build a global brand.

More about Teabox

Teabox was founded in 2012 by Kaushal Dugar, who hails from tea business family. It has its headquarters in Darjeeling, India. This is an online store which sells tea to customers in 75 countries. It works directly with more than 200 plantations in Nepal and India.