September, 12, 2018:

Chaayos, the famous Tea-Cafe Chain has raised a bulk amount of Rs. 81 crore (about $12 million) from 'Marquee Venture Capital' firm which is SAIF Partners, 'Pactolus' which is Singapore-based growth-stage investment firm and the Hong Kong-based Integrated Capital.IndusLaw acted for Chaayos and the team was led by Partner Gaurav Dani along with Principal Associate Jinni Sinha, Senior Associate Nikita Goyal and Associate Neha Balodhi.

Shardul Amarchand Mangaldas advised SAIF Partners and the Hong Kong-based Integrated Capital. The team included Partners Amit Khansaheb and Vishruta Kaul and Senior Associate Manav Chadha.

This Series-B investment comes about alomost 1 year after the firm raised $2 Million from existing investor 'Tiger Global Management.'

Chaayos has more than 52 stores across Delhi-NCR, Chandigarh and Mumbai. It had added 25 stores just in the previous one year only.

 

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Source: Legally India