Chai Point to invest up to Rs 120 mn, add 30 stores in FY19

Expects to break-even in the ongoing financial year

Brewing a strong expansion plan, India’s largest chain of organised tea stores, Chai Point, is looking to open around 30 new stores by the end of this financial year with an investment of Rs 100-120 million. The start-up on Friday hit a century with the opening of its 100th store in Bengaluru.

The company, which has a revenue of over Rs one billion, expects to grow at 75 per cent growth rate and break even by the end of this financial year.

However, the company has no plans to foray into newer geographies apart from the current cities it is