Teabox raises $7 mn to expand offline

Online tea retailer Vahdam Teas announced $1.4 mn Series A funding earlier in the week

Premium tea brand TeaBox said it has raised $7 million in fresh funding with a combination of equity and venture debt from Singapore-based RB Investments and Singapore-based DBS bank, which it will invest in building infrastructure and expand offline.

“We are excited about backing the challenger in a large category with a demanding customer. We feel that Teabox’s dynamic team and its innovative supply chain of tea from plantations to cup will enable them to provide the freshest tea to consumers worldwide and redefine the category,” said Harshavardhan Bothra from RB Investments.

The five-year old brand markets largely in US