T’pot Café, a start up specialized in ‘Chai-Nashta’ segment has announced the closing of their Pre Series A Funding from Founder and Trustee of Ashoka University and the principal investor, Ashish Gupta.
With the infused funding, the café is planning to expand its presence by opening 19 more outlets by the year end and 150-200 outlets in at least 4-5 cities by March 2018. Having created its niche in the corporate houses like MakeMyTrip, goibibo, BPTP Park Centra, World Trade Tower; T’Pot further eyes expansion into the same space.
T’Pot, which currently has 21 outlets across Delhi/ NCR will add 19 new outlets at the corporate offices, metro stations and hospitals, following the model of being highly accessible to the customers.
Going by its current revenue figure of Rs 6 crore, the start-up has set a target of Rs 12 crore by March 2017.
Speaking on the recent development, Co-Founder and CEO, T’Pot Café, Robin Jha said ,“We plan to achieve the target in a phased manner by opening over 40 outlets by the year end, and we are also planning multi-city launches by opening 150-200 outlets by 2018. Besides, the company is also expected to introduce varied range of packaged tea and delivery of refreshments at home. Through its offerings, T’Pot wants to be a part of the growing story of health and wellness market in India.”
“The concept of T’Pot Café of reaching to everyone at the same time is unique to the market, and has resulted in extremely rapid growth till date. We are excited to extend our association with the team as they continue to strengthen their market leadership and drive further exciting growth opportunities,” said Gupta.