Chai Kings: Chennai’s Leading Chai Retail Chain

Chai Kings, a popular chai retail chain based in Chennai, has successfully raised $3 million (Rs 24 crore) in its Series A funding from A.V. Thomas and Co. (AVT). This investment follows a previous funding round in January 2020, where the tea brand raised $1 million during its seed investment phase, with contributions from Chennai Angels (TCA), Hyderabad Angels, and TiE India Angels.

In this latest funding round, Chennai Angels (TCA) are partially exiting with substantial returns. The funds acquired will facilitate the brand’s ambitious expansion strategies, enhance its product variety, and further solidify its supply chain. In addition, these resources will focus on improving customer engagement and operational efficiency.

About Chai Kings

Founded by Jahabar Sadique and Balaji Sadagopan, Chai Kings is dedicated to delivering a premium and hygienic chai experience. The brand serves a wide assortment of tea blends, prioritising quality, sustainability, and customer satisfaction.

Growth and Future Plans

Since its establishment in 2016, Chai Kings has successfully opened 57 stores across Chennai, Hyderabad, and Coimbatore. The brand is widely recognised for its exceptional tea offerings, commitment to sustainable packaging, and focus on customer-centric service.

Chai Kings projects that it will conclude FY25 with an impressive revenue of Rs 48 crore, alongside a positive EBITDA. The company aims to double its revenue within the next two years while ensuring continued profitability.