Chai Break, Kolkata based F&B start-up has raised a million dollar funding by Venture Catalysts- India’s first integrated incubator. The investors taking the lead in the round are Anand Ladsariya & Siddharth Ladsariya. Other investors participating in the funding are VeikramSoni, Pratik Kedia, Abhishek Agrawal, Nitin Agrawal, Neeraj Goenka, Bhavesh Choudhary, Anirudh Damani, Vikas Agrawal, Manish Agrawal and others.
The start-up is a brainchild of two school friends, Anirudh Poddar and Aditya Ladsaria, founded with an inventive concept that whenever anybody thinks of taking a break, they think of Chai Break. Ever since its inception, the all-day causal diners’ chain has grown exponentially by embarking on an aggressive expansion spree. With plans to branch out pan-India, Chai Break is currently focusing on consolidating its presence in the eastern region and also planning to expand in Franchise format in FOCO Model, having established 11 outlets across Kolkata, Durgapur and Bhubaneswar. The start-up has been PAT (profit after tax) positive since inception, joining the ranks of successful start-ups to have emerged from Kolkata in the recent past.
As a chain of all-day casual diners currently present in the Eastern parts of India, Chai Break specialises in teas, offering some unique choices like Kesar Chai to its customers in addition to serving Indian, Chinese & Italian cuisines.The decision to acquire a stake in the start-up is in line with VCats’ vision to create an interconnected and integrated start-up ecosystem on a pan-India basis to support and nurture Indian ventures across multiple geographies.
Dr.Apoorv Ranjan Sharma, Co-Founder & President, Venture Catalysts, Mumbaisaid, “We are dedicated to creating a nationwide network of high-potential start-ups and to providing promising Indian ventures with the resources they require to achieve growth and success in the ecosystem.With Kolkata’s emerging status as an entrepreneurial powerhouse, the city has produced several innovative start-up ideas of late. Chai Break is the latest addition to our integrated and inter-connected network of start-ups because of its impressive growth and expansion in the eastern market,as is evident in its goal of achieving Rs. 18 crores in revenue in this year itself.”
SiddharthLadsariya, an investor in the start-up said, “For investors, the F&B sector is one of the most innovative spaces to be in currently,with a unique opportunity to be a part of successful, next generation brands. With more entrepreneurs and start-ups cropping in this domain across the country, the specialty F&B start-up segmenthas the highest growth potential in the markettoday.”
AnirudhPoddar, founder of Chai Break said, “Chai Break has been a rage with the youth of Eastern India and is all set to grow at a pan-India level. Our current focus is on growing further in the eastern region with cities like Guwahati, Siliguri, Ranchi, Patna, Jamshedpur, Raipur and so on before heading to the other parts of India in the next phase of expansion. Furthermore, we plan to achieve a turnover of more than Rs. 50 crores and reach 10 more cities in the next two years, with a special focus on tier-2 locations in the country.”
VCats has established itself as a pioneer and a game-changer in the Indian entrepreneurial landscape. As it gradually builds its presence in different cities and regions, the platform aims to make entrepreneurship accessible and achievable to even the remotest corners of the country, thus ensuring a truly national start-up ecosystem.