In his post, Simon Wong wrote, 'The impossible happened. I just had a cup of tasteless #Chai in Gurgaon. Rs 169 with tax,' accompanying his words with images of the kulhad and the cafe’s interior.
Its brewing machines, through which it is unlocking new partnerships, come with an Android software where consumers’ tea-related preferences can be customised through an app and saved for the future to ensure consistency.
Chaayos founder Nitin Saluja said an investigation found that the company’s Twitter accounts was hacked for 30 minutes and offensive tweets were liked during that time.
The company said the funding round was led by Alpha Wave Ventures with participation from all existing investors -- Elevation Capital, Tiger Global and Think Investments.
Chaayos did not disclose the valuation at which the company raised the funds, but reportedly, the company has been valued at $240-250 million.
A total of $421 million was raised by startups in the week of June 10 to 17, 2022.
The company, which runs tea outlets across the country, is aspiring to become the largest brewer of tea and coffee in India.
Café chains, quick service restaurants outlets such as Chaayos, Beer Café, Copper Chimney, and Sassy Teaspoon are reopening stores as sales returns to pre-COVID levels. Higher rentals pose a challenge.
As per reports, Chaayos uses the facial recognition technology to speed up orders made by customers.
The company has 52 outlets across the country. It ended FY18 with a revenue of around Rs 52 crore
Chaayos, at present, runs 50 outlets across Delhi-NCR, Mumbai, and Chandigarh.
Multiple food startups are suggesting the government to re- introduce the input tax credit even as they want an increase in GST.
In an interaction with Moneycontrol, Raghav Verma talks about the company's expansion plans across the country.
The company that has so far used complete manual processes has already installed these machines across four of its 53 outlets.
Restaurant chains say that without an input tax credit (ITC), the move to reduce GST rate from 18% to 12% will increase the final bill for customers....
"We are looking at expanding in and around our current hubs Delhi and Mumbai. We are looking to open about 20-30 outlets in the next few months," Chaayos co-founder Raghav Verma told PTI here.
The company is likely to use the fresh fund for expanding its cafes in the country.
As India's hyperlocal logistics sector sees shutdowns, food tech startups have started buying their own bikes to deliver your pizza and burger in time.
Even as New York-based investment firm took a bold step to replace founders from the CEO position in its biggest Indian bet Flipkart, here is a look at how Tiger Global's other startups are faring in India.
It also plans to introduce, cafe pickups where users can place orders while on the move, pay online and then either pick up the same from the outlet while on the go or collect it from the counter to sit and consume.
IILM Institute for Higher Education organized the Entrepreneurship Conference on 4th December, 2015 at Lodhi Road Campus New Delhi 110003. The ...