fbpx
HomeNewsCoimbatore's TABP Snacks and Beverages raises INR 20 Cr funding led by...

Coimbatore’s TABP Snacks and Beverages raises INR 20 Cr funding led by LC Nueva AIF

restaurants for father's day

Dads deserve the best: How Father’s Day is taking India by storm with unique...

0
Father's Day, once a relatively low-key affair in India, is now gaining significant prominence, and the hospitality industry is leading the charge in making...
Namaskara

Namaskara Meals unveils six Gurgaon outlets, plans to expand to 20 locations

0
Namaskara, the latest addition to India's vibrant street food culture, has launched its operations in Gurgaon with six locations, aiming to redefine the everyday...

TABP Snacks and Beverages, a Coimbatore-based beverage and snacks startup has raised INR 20 crore pre-Series A funding led by LC Nueva AIF along with Arun Mukherjee and angel investors.

Some of the notable angels who have invested in this round include Koushik Chatterjee, CFO of Tata Steel, and Aniruddha Sarkar, Chief investment officer of Quest Investment Advisors among others.

With the funds raised in this round, TABP intends to expand into new territories, invest in research and development, and increase its production capacity. This investment will help TABP grow and achieve its goals of reaching a larger customer base and becoming a leading player in the food and beverage industry in India.

TABP Snacks and Beverages is a rapidly growing food and beverage start-up in India and is projected to reach INR 100 crore in Gross Merchandise Value (GMV) in the financial year 2023, which is a remarkable achievement given that the company has only been operating for four years.

TABP targets lower-income consumers in India and primarily sells beverages for INR 10 and snacks for INR 5. The start-up has a presence in several states across India, including Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, and Odisha.

Prabhu Gandhikumar, Founder of TABP, said, “It’s been some really exciting years of growth for TABP. After coming back from the COVID-related slowdown, we have shown tremendous growth. In Q3 of 2022-23, we grew 172 per cent compared to Q3 of the previous year. We feel we have not even scratched the surface and are just getting started. This year we are planning to expand into the east and west geographies of India.”

Ashish Chand, Founding Partner at LC Nueva AIF, said, “TABP is poised to become a leader in India’s beverage and snack space with its strong growth in tier-2 and 3 markets.”

Latest articles

Tim Hortons expands Dream Cookie lineup with Oreo Double Stuff and Caramilk flavors, introduces new Filled Ring Doughnuts

Tim Hortons, the Canad͏ian co͏f͏feehouse chai͏n, has broadened its assort͏ment of Dream Cookies by...

The Gym Kitchen enters instant noodles category with high-protein options

The Gym Kitchen, a UK brand known fo͏r its high-pr͏o͏tein m͏eals͏, has launched a...

Delhivery and Xpressbees eye quick commerce entry amid surging demand

Logistics startups Delhivery and Xpressbees are reportedly expanding ͏their servi͏ces beyond catering s͏ole͏ly...

British supermarket chain Tesco’s retail sales soar 3.4% in Q1 FY 2024/25

Tesco,͏ the Brit͏ish supermarket ch͏ain, has ͏repo͏rted a 3.͏4% growth in reta͏il s͏ales͏ to...

Related Articles

Swiss Pastry Chef creates a Wedding Dress out of Cake; Attempts to break Guinness World Records

Natasha Coline Kim Fah Lee Fokas, a pastry chef from Switzerland, took the concept...

Rajasthan introduces Millet to Mid-Day Meal(MDM) Program to Hotels & Restaurants run by RTDC

The Rajasthan state government has announced millet to the mid-day meal (MDM) program to...

US Italian restaurant lands in trouble for banning children under age of 10

Eating out at restaurants with family is a cherished activity for many people, as...
× Drop a, Hi?