Teabox raises undisclosed round of funding from Ratan Tata

The specialty tea company, Teabox, has raised an undisclosed round of financing from Ratan Tata, former chief of the Tata Group.

The additional capital will help Teabox to expand to other markets around the world. "Ratan Tata needs no introduction for the kind of strategic direction and commitment he brings to the table. We have grown up admiring and respecting his vision and business acumen on scaling the Tata group to a global level. His direct guidance and experience in the tea industry will surely help us grow Teabox to be the first global premium tea brand from India," said Kaushal Dugar, founder and CEO of Teabox.

Teabox has already raised $7 million till date. It raised $6 million in Series A funding in March last year. The startup sources premium teas directly from the plantations in Darjeeling, Assam, Nilgiri and Nepal, and ships them to customers.

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