Ratan Tata, continuing his long series of investments in various start-ups globally in the recent past, has made investment in specialty tea firm Teabox.
The investment amount, however has not been disclosed.
Teabox said in a statement that “It has raised an undisclosed round of financing from Ratan Tata, the additional capital will help fuel Teabox’s continued growth as it expands in other major markets around the world.”
Kaushal Dugar, Teabox Founder and CEO said that “We have grown up admiring and respecting his (Tata’s) 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.”