Tata's former CEO invests in Teabox
Teabox, the Indian specialty tea retailer, has secured angel investment funding from Ratan Tata, the former CEO of Tata Group. Ratan Tata, who oversaw the acquisition of Tetley Group by Tata Tea in 2000, has invested an undisclosed amount in Teabox , which aims to become the first global premium tea brand from India. Teabox sources teas from estates in Darjeeling, Assam, Nilgiris and Nepal, and ships them directly to customers around the world. So far, the company has shipped over 60,000 kilograms of tea leaves in its 3-year run. Ratan Tata is one of Indias most prolific angel investors and will help guide the company thanks to his experience and business acumen.