Teabox a Siliguri Based online Premium Tea Seller has raised an undisclosed amount if funding from Cameron Jones a Singapore Based Angel Investor. It has also raised a venture debt from DBS Bank Ltd. The funds will be utilized for its expansion in the global market.
Kaushal Dugar founder of Teabox said
“This capital will give us additional resources to expand quickly and strategically into new markets, innovate rapidly, and deliver on our vision around the world.”
Teabox was founded by Kaushal Dugar in 2012. A premium tea brand which delivers tea all over the world, focusing on vertical integration of branding, sourcing and distribution of teas. It works with around 150 plantations in Assam, Darjeeling, Nepal and Nilgiri. It has shipped around 35 million tea cups in 94 countries.
Teabox will be hiring 2 senior executives Amit Sharma and Nicole Naumoff. Amit Sharma will lead technology at Teabox. Nicole with over 20 years of experience will lead company’s marketing efforts.
Kaushal Dugar also said
“We are thrilled to add leaders of Nicole and Amit’s caliber and depth of experience to our team. Their track record of successfully bringing consumer-focused products and services to market will help us to scale to our next level of growth.”
Teabox earlier raised a funding of $6 million in its series A funding round from Keystone Group, Dragoneer Investment and JAFCO Asia. Robert M. Bass a Texas Billionaire and Accel Partners also participated in this round.