“In e-commerce, it is difficult to scale without know-how and cash-in-hand. To make a dent in the 200-year-old tea industry would need someone like that on board. We shared our vision with Accel and signed the final papers around December-January,” said Kaushal Dugar (BBM, SMU Graduating Class of 2006), founder of Teabox, who had raised Teaboxs first round of venture capital funding from Accel Partners and Singapore-based Horizen Ventures. Since its inception in 2012, Teabox, earlier known as Darjeelingteaxpress, has delivered 5 million cups of tea to over 65 countries, including the Federated States of Micronesia, Chile, Argentina and the Republic of Fiji. telegraphindia/1140315/jsp/business/story_18083201.jsp
Posted on: Mon, 17 Mar 2014 08:04:15 +0000