In one of the recent fundraising event, Foodtech startup named Tpot which comes with a specialisation in the ‘Chai-Nashta’ segment has raised an undisclosed amount of funds through the help of Pre-series A round funding.
The Delhi-based firm will use the funds in expanding the business in further more areas as it already has 6 to 7 outlets in the capital city like T3 Airport, Rajiv Chowk Metro Station, Make My Trip, BPTP Park Centra, Go Ibibo, World Trade Tower, and Malviya Nagar. To give its customers the same essence of TPot in other non-existent areas will help in gaining more fame and well as add on to goodwill raised by the customers’ feedback and approach.
The following Seed funding was led by theprincipal investor of TPot, Ashish Gupta, who is Founder and Trustee of Ashoka University. He earlier raised and an undisclosed amount of funds in May 2016, so as to elaborate the business model in the city itself. Launched in 2013, TPot was founded by Robin Jha, Asad and Atitin New Delhi.
The respective Chai-Nashta startup firm provides a variety of items likekadakdesiChai,Darjeelingtea, organic tea, masala chai, masala khullad,even white tea (milk tea). Along with such varied cups of tea, it provides all kind of breakfast items which include typical desi/Indian food plates to snacks items like Mexican, Italian, Thai, Chinese, and so on in a customised manner which taste every bit of Indian. The reversed combination of providingbreakfast and snack items claims to be the Unique Selling Price of the startup. Serving more than 40 types of tea and almost 65 kinds of food items makes TPot an innovative and out-of-the-box food joint.
According to Robin Jha, We plan to realise the target in a phased manner by opening over 40 outlets by the year end, and are also planning multi-city launches by opening 150-200 outlets by 2018.
Though the current fundraising has come with an undisclosed amount, still the company claims to have raised around Rs. 6 crores from differentsources henceforth planning to raise Rs. 12 crores by the end of the financial year 2017-18. Currently, it has diversified itselfin the wellness and healthcare market where it delivers packaged food items, snack items, beverages, refreshments door-to-door for the public in Delhi.