Chennai-based chai retail chain Chai Kings has raised $3 million (Rs 24 crore) in its Arrangement A subsidizing circular from A.V. Thomas and Co. (AVT).

Prior in January 2020, the tea brand had raised $1 million in its seed round from Chennai Angels (TCA), Hyderabad Angels and TiE India Angels.

As portion of this circular, The Chennai Angels (TCA) are making a partial exit with significant returns.

The continues will be utilized to quicken its extension plans, upgrade its item offerings, and further strengthen its supply chain. It'll moreover be utilized in client engagement and operational efficiencies.

Established by Jahabar Sadique and Balaji Sadagopan, Chai Kings offers a premium and hygienic chai experience, serving a diverse extend of tea blends with a center on quality, sustainability, and customer delight.

Since its initiation in 2016, Chai Kings claims to have worked 57 stores over Chennai, Hyderabad, and Coimbatore. The brand is known for its quality tea offerings, maintainable packaging, and customer-centric approach.

Chai Kings claims that it'll near FY25 with an income of Rs 48 crore with a positive EBITDA. The firm has plans to double its income over another two a long time whereas keeping up profitability.