Mumbai, Apr 17 (PTI) The Good Life Company (TGL), a luxury start-up tea company offering over 300 varieties of blends, today said it has raised USD 1 million in their first round of funding.
The company is planning to use this fund for expanding its existing operations from Mumbai to tier I cities like Delhi, Bengaluru and Kolkata and to overseas markets like the US, UK, Singapore and the Middle East, TGL said in a release.
The funds are raised from restaurateur Abu Farhan Azmi and his wife Ayesha Takia Azmi.
Luxury tea maker TGL raises $1million for expansion
Investors in the start-up are actress and restaurateur Ayesha Takia Azmi and her husband Abu Farhan Azmi.
New Delhi: Luxury tea maker The Good Life Company (TGL Co) said it is raising $1million in its first round of funding. Investors in the start-up are actress and restaurateur Ayesha Takia Azmi and her husband Abu Farhan Azmi.
TGL, set up by entrepreneurs Bhuman Dani and Shariq Ashraf, formerly with Boston Consulting Group (BCG), is raising Rs over 6 crore from the new investors. “The demographic profile of consumers supports products such as ours. We are exploring different retail options including setting up tea parlours and experience centres,” Dani said. He said the company is in talks with distributors and organised trade to expand its footprint.