Teabox completes $6m funding round to boost global reach
Teabox, an India-based online tea company, completed a fresh round of funding worth $6 million to grow its e-commerce platform and expand operations in new markets. Teabox offers Indian and Nepalese premium teas directly from source, having established storage and fulfillment facilities near the plantations. The company currently works with over 200 plantations and delivers teas to 75 countries. Future plans include fulfillment centers in China, Japan, Korea and the US in order to speed up deliveries and provide local customer support. Since its inception three years ago, Teabox has sold over 40 tons of tea, with orders growing tenfold last year alone. JAFCO Asia led this Series A round, with participation from previous investors Accel and new investors Keystone Group and Dragoneer Investment Group.