Chai Kings Secures Series A Funding from AVT, Eyes Nationwide Growth The fresh funding will be used to expand, enhance its supply chain, improve customer engagement, boost operational efficiency, and innovate its offerings to meet evolving tea preferences in India.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

[L-R] Jahabar Sadique & Balaji Sadagopan, Co-founders of Chai Kings

Chennai-based chai retail chain Chai Kings has raised USD 3 million (INR 24 crore) in Series A funding from A.V. Thomas and Co. (AVT), a renowned packaged tea manufacturer.

The fresh capital will be used to accelerate expansion, strengthen its supply chain, enhance customer engagement, and improve operational efficiencies. The company also plans to innovate its product offerings to cater to the evolving preferences of tea lovers across India.

"We are thrilled to welcome A.V. Thomas and Co. as our investor and partner in this journey. Their deep-rooted expertise in the tea industry aligns perfectly with our vision of serving premium chai experiences at an affordable cost across India," said Jahabar Sadique, Co-founder and CEO of Chai Kings.

He added, "This funding will enable us to scale our operations, open new stores, and bring our unique chai experience to an even larger audience."

Chai Kings projects INR 48 crore in revenue for FY 2025 and aims to double its revenue in two years while maintaining positive EBITDA.

Founded in 2016, Chai Kings offers an extensive menu featuring classic masala and ginger chai, exotic saffron chai, Kashmiri Kahwa, herbal teas, iced teas, bubble tea, hot chocolates, and milkshakes.

With over 200 products priced between INR 30 and INR 400, the brand has expanded to 57 stores across Chennai, Hyderabad, and Coimbatore.

Ajit Thomas, Executive Chairman of AVT, expressed confidence in the partnership, stating, "Chai Kings has built a strong brand and loyal customer base. We see tremendous potential in their growth trajectory and are excited to be a part of their journey."

Founded in 1935, A.V. Thomas & Co. is a leading packaged tea manufacturer known for its AVT Premium and AVT Gold Cup brands, with a strong presence in Kerala and Tamil Nadu.
Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Most Popular

See all
Business News

'Done a Lot of Difficult and Significant Things': Elon Musk Says These Current and Former CEOs Are the 'Smartest'

The once icy relationship between Elon Musk and Jeff Bezos has appeared to thaw.

By Erin Davis
Business News

The FTC Is Going After a 'Passive Income' Amazon AI 'Scheme' That Allegedly Scammed Customers Out of at Least $14 Million

The case is the latest in the FTC's crusade against automation companies.

By Sherin Shibu
Women Entrepreneur®

The Visionary: Devita Saraf, Chairperson & CEO, Vu Group

There was a time when the narrative around women entrepreneurs focused on their struggles. However, when we decided to look for a cover face who captured sustenance over two decades, we found Devita Saraf. Women have gotten media attention that has highlighted the uphill battle to break the glass ceiling, but now is the time they prove to be long-term leaders who can sustain and grow a business over decades. Here is the Chairperson and CEO of Vu Group, who has continued to build her brand as a visionary, who thinks long term and is also a symbol of strength for her team.

By Punita Sabharwal
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel
News and Trends

Tech Mahindra Expands Strategic AI Partnership with Google Cloud

This collaboration aims to equip businesses with cutting-edge AI-driven solutions, enhancing agility, scalability, and sustainable growth.

By Entrepreneur Staff
Business Models

Why Every Business Should Borrow This Key Strategy from Subscription Services

Subscription models are redefining the patient experience by focusing on access, personalization and seamless customer experiences — offering powerful lessons for businesses across all sectors, including my own within healthcare at large.

By Brad Olson