https://indianpedia.org/index.php?action=history&feed=atom&title=Chai_PointChai Point - Revision history2026-07-30T08:07:38ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Chai_Point&diff=193058&oldid=prev>AnomieBOT at 09:37, 20 July 20212021-07-20T09:37:14Z<p></p>
<p><b>New page</b></p><div>{{short description|Indian tea company and a cafe chain}}<br />
{{Multiple issues|<br />
{{More citations needed|date=August 2020}}<br />
{{Self-published|date=August 2020}}<br />
{{Third-party|date=August 2020}}<br />
}}<br />
{{Use Indian English|date=April 2016}}<br />
{{Use dmy dates|date=April 2016}}<br />
{{Infobox company<br />
| name = Chai Point<br />
| logo = Chai Point Indian Retail Chain Logo.png<br />
| logo_size = <br />
| logo_alt = Chai Point Logo<br />
| logo_caption = Chai Point Logo<br />
| logo_padding = <br />
| image = <br />
| image_size = <br />
| image_alt = <br />
| image_caption = <br />
| trading_name = <br />
| former_name = <br />
| type = Privately held<br />
| traded_as = <br />
| ISIN = <br />
| industry = Food & Beverage<br />
| founded = {{start date and age|df=yes|2010}}<br />
| founder = Amuleek Singh Bijral<br />
| hq_location = Umiya Emporium, No. 97, 2nd floor, Hosur Main Road,<br />
| hq_location_city = [[Bengaluru]] 560029, [[Karnataka]]<br />
| hq_location_country = [[India]]<br />
| num_locations = 104<br />
| num_locations_year = May 2018<br />
| area_served = [[India]]<br />
| key_people = Amuleek Singh Bijral (CEO)<br />
| products = Tea and tea based beverages, shakes, snacks, sandwiches, packaged foods, hot beverage dispensers, packaged teas<br />
| brands = <br />
| revenue = <br />
| revenue_year = 150 Crore<br />
| operating_income = <br />
| income_year = <!-- Year of operating_income data (when known) --><br />
| profit = <br />
| profit_year = <!-- or: | profit_year = --><!-- Year of net_income/profit data (when known) --><br />
| assets = <br />
| assets_year = <!-- Year of assets data (when known) --><br />
| equity = <br />
| equity_year = <!-- Year of equity data (when known) --><br />
| members = <br />
| members_year = <!-- Year of members data (when known) --><br />
| num_employees = 1200+<br />
| num_employees_year = <!-- Year of num_employees data (when known) --> 2017<br />
| parent = Mountain Trail Foods Pvt. Ltd.<br />
| divisions = <br />
| subsid = <br />
| module = <!-- Used to embed other templates --><br />
| footnotes = <br />
| website = {{URL|http://chaipoint.com/|Chai Point}}<br/>{{URL|http://boxc.in/|BoxC}}<br />
}}<br />
<br />
'''Chai Point''' is an [[India]]n [[tea]] company and a cafe chain which focus on the tea-based beverages. As of October, 2017, the company also started selling their teas on Amazon.in, making it their first foray into distribution via the e-commerce platform. Chai Point's motto of "India runs on Chai" is apt for Indians' love for tea.<br />
<br />
== History ==<br />
Chai Point was founded in [[Bangalore|Bengaluru]], [[Karnataka]], [[India]] in 2010 by Amuleek Singh. The name Chai Point is derived from the word [[Tea|Chai]] which is the [[Hindi]] word for tea.<ref>{{cite web|url=http://chaipoint.com/about.html|title=Get your favourite Chai delivered in 30 mins - Chai Point|website=chaipoint.com}}</ref> Amuleek Singh, the founder and current CEO of Chai Point is a Harvard Graduate. After he obtained his engineering degree from [[Thapar Institute of Engineering and Technology|Thapar University]], Punjab, India, he worked with Microsoft for some time. After this once he completed his MBA from Harvard, that's when he wanted to work on a startup.<ref>{{Cite web|last=Sebastian|first=Nidhia|date=2020-05-28|title=Startup Story: How Chai Point quenches India's thirst for hot tea|url=https://timesnext.com/startup-story-chai-point/|access-date=2020-12-29|website=TimesNext|language=en-US}}</ref><ref>{{Cite web|date=2016-08-29|title=Chai Point - Amuleek Singh Story from Harvard University to a Chai Startup in India|url=https://www.businessalligators.com/chai-point-amuleek-singh-story/|access-date=2020-12-29|website=Business Alligators|language=en-US}}</ref><br />
<br />
Chai (Tea) is an integral part of a large majority of Indian home and different varieties of teas are also not alien to most of the Indians. Amuleek Singh, however, created an entire ecosystem of making the tea and its packaging more appealing to white collar Indians who were latching on to the high end coffee joints.<ref>{{Cite news|last=Balakrishnan|first=Reghu|date=2015-03-31|title=Harvard, IIT graduates are tea sellers, too|work=Business Standard India|url=https://www.business-standard.com/article/companies/harvard-iit-graduates-are-tea-sellers-too-115033100023_1.html|access-date=2020-12-29}}</ref><br />
<br />
== Locations ==<br />
Chai Point has presence in eight [[List of cities in India by population|Indian cities]] with presence across retail locations, airports, and business parks. In addition to physical format stores, the chain has a delivery service branded as '''Chai-on-call''<nowiki/>' and a vending [[kiosk]] based solution called '[http://boxc.in/ BoxC.in]' focused primarily at corporation.<br />
<br />
== Model ==<br />
Unlike other similar beverage chains, which run on a [[Franchising|Basic Franchise Model]], Chai Point runs on a Partner Franchise Model. In the later model, the employees are given an opportunity to buy a franchise, and hence become a partner in the company.<ref>{{Cite web|date=2016-08-29|title=Chai Point - Amuleek Singh Story from Harvard University to a Chai Startup in India|url=https://www.businessalligators.com/chai-point-amuleek-singh-story/|access-date=2020-12-29|website=Business Alligators|language=en-US}}</ref><br />
<br />
==Investors==<br />
<br />
Chai Point raised a total of [[Indian rupee|₹]]71.2 [[crore]] ($10 million) in round one of funding in September, 2015. On April 19, 2018, tea retailer Chai Point said it had raised [[Indian rupee|₹]]132 [[crore]] ($20 million) in series C funding, its single-largest round so far.<ref>{{cite web|url=https://www.business-standard.com/article/companies/chai-point-to-invest-up-to-rs-120-mn-add-30-stores-in-fy19-118062200948_1.html|title=Chai Point to invest up to Rs 120 mn, add 30 stores in FY19|last=|first=|date=2018-06-22|website=Business Standard|url-status=live|archive-url=|archive-date=|access-date=2019-10-27}}</ref> Key investors in Chai Point include:{{cn|date=July 2021}}<br />
<br />
* Eight Road Ventures (Lead Investor, formerly [[Fidelity]] Growth Partners India)<br />
* DSG Investors<br />
* Saama Capital<br />
* Paragon Partners <ref>{{cite web|url=https://www.livemint.com/Companies/Y6tp0qIx8FVbbaOZVFU1XN/Chai-Point-raises-20-million-in-Series-C-funding-from-Parag.html|title=Chai Point raises $20 million in Series C funding from Paragon Partner|website=www.livemint.com}}</ref><ref>{{Cite news|url=https://www.thehindu.com/business/Industry/chai-point-gets-20-million-fresh-funds-from-paragon-partners-led-investors/article23603507.ece|title=Chai Point gets $20 million fresh funds from Paragon Partners-led investors|date=2018-04-19|work=The Hindu|access-date=2019-10-27|others=Special Correspondent|language=en-IN|issn=0971-751X}}</ref><br />
<br />
==References==<br />
{{Reflist}}<br />
<br />
== External links ==<br />
<br />
* [https://www.instagram.com/chai_point/?hl=en Instagram account]<br />
<br />
[[Category:Tea houses]]<br />
[[Category:Drink companies of India]]<br />
[[Category:2010 establishments in Karnataka]]</div>>AnomieBOT