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Ratan Tata invests in Teabox
Teabox, the global speciality tea company, is the latest to received funding from Ratan Tata. This is the fourth start-up in 2016 to receive the attention of Tata. As with Tata’s investments, this too is an undisclosed amount. The additional capital will be used to fuel Teabox’s growth as it expands to other major markets around the world. What is significant about this investment is that, it is for the first time that Tata has invested in a tea company. Tata started off 2016 by first investing in Tracxn - a startup intelligence and market research platform, Dogspot – an online pet care platform, and Cashkaro – a cashbacks and coupon site. Teabox is backed by Singapore-based JAFCO Asia, Accel Partners, Keystone Group LP and Dragoneer Investment Group.