Chaayos Seeks Fresh Capital for Expansion

Chaayos Seeks Fresh Capital for Expansion
Tea café chain Chaayos has appointed Avendus to raise $50-70 million in a new funding round, marking significant growth momentum nearly four years after its $53 million Series C round. The company, valued at approximately $250 million in 2022, plans to deploy capital across store expansion, technology upgrades, and menu premiumization. The upcoming round is expected to include a $20 million secondary component with Tiger Global looking to partially exit its stake. Backed by investors including Tiger Global, Elevation Capital, and Think Investments, Chaayos currently operates around 200 cafes across seven Indian cities. The company generates 35-40% of revenue through food delivery aggregators and is strategically pivoting toward tier-II cities and tourist destinations.