TABP Snacks and Beverages Coimbatore-based start-up raises Rs 20 crore in Pre-Series A Funding

TABP Snacks and Beverages, a beverage and snacks startup from Coimbatore, has raised Rs 20 crore in its pre-Series A Fundraise.  The funding was led by venture fund LC NuevaAIF alongwith Arun Mukherjee and angel investors. Some of the notable angels who have invested in this round include Koushik Chatterjee, CFO of Tata Steel, and Aniruddha Sarkar, chief investment officer of Quest Investment Advisors, among others.

The company is one of the fastest-growing startups in the food and beverage space in India. It is on target to clock Rs 100 crore GMV in FY23, within four years of starting operations. The company predominantly sells beverages priced at Rs 10 and snacks at Rs 5 targeting the bottom of the pyramid consumers in India. It has operations in the states of Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra and Odisha.

The funds raised will be used for new territory expansion, R&D and creating more production capacity.

Commenting on the fundraise, Prabhu Gandhikumar, founder of TABP, said, “It’s been some really exciting years of growth for TABP. After coming back from Covid-related slowdown, we have shown tremendous growth. In Q3 of 2022-23, we grew 172% compared to Q3 of the previous year. We feel we have not even scratched the surface and just getting started. This year we are planning to expand into the east and west geographies of India.”

Ashish Chand, founding partner, LC Nueva AIF, mentioned, “TABP is poised to become a leader in India’s beverage and snack space with its strong growth in Tier 2 and 3 markets”

Arun Mukherjee stated, “Very proud of what Prabhu and his team have accomplished over such a short period. The way TABP handled Corona for consecutive years and still grew handsomely showcases the robust foundation of the company. With tailwinds on TABP side now, the company is set to pen a rich scripture of its own.”

🔊 Be Aware, We never charge any consultancy fee for jobs.

📲 Foodtech Network WhatsApp Jobs Group

🖥 Food Safety Training programs

📈 Food Entrepreneurs & Startups (Our services)

Leave a Reply

Your email address will not be published. Required fields are marked *

adana escort , adıyaman escort , afyon escort , ağrı escort , aksaray escort , amasya escort , ankara escort , antalya escort , ardahan escort , artvin escort , aydın escort , balıkesir escort , bartın escort , batman escort , bayburt escort , bilecik escort , bingöl escort , bitlis escort , bolu escort , burdur escort , bursa escort , çanakkale escort , çankırı escort , çorum escort , denizli escort , diyarbakır escort , düzce escort , edirne escort , elazığ escort , erzincan escort , erzurum escort , eskişehir escort , gaziantep escort , giresun escort , gümüşhane escort , hakkari escort , hatay escort , ığdır escort , ısparta escort , istanbul escort , izmir escort , karabük escort , karaman escort , kars escort , kastamonu escort , kayseri escort , kilis escort , kırıkkale escort , kırklareli escort , kırşehir escort , kocaeli escort , konya escort , kütahya escort , malatya escort , manisa escort , maraş escort , mardin escort , mersin escort , muğla escort , muş escort , nevşehir escort , niğde escort , ordu escort , osmaniye escort , rize escort , sakarya escort , samsun escort , şanlıurfa escort , siirt escort , sinop escort , şırnak escort , sivas escort , tekirdağ escort , tokat escort , trabzon escort , tunceli escort , uşak escort , van escort , yalova escort , yozgat escort , zonguldak escort , kadıköy escort , şişli escort , tuzla escort , bornova escort , didim escort , serdivan escort