the business times  |  JANUARY 28, 2016  |  By: Jacqueline Choak

TWO HOMEGROWN STARTUPS BAG VENTURE-CAPITAL FUNDING FROM OVERSEAS

Teabox, a specialty tea company founded by SMU alumnus Kaushal Dugar announced yesterday that it has raised venture-capital funding from abroad, in a sign that global investors are seeing value in local enterprises and innovation....

Teabox, a specialty tea company founded by SMU alumnus Kaushal Dugar announced yesterday that it has raised venture-capital funding from abroad, in a sign that global investors are seeing value in local enterprises and innovation.

The company has won an undisclosed round of financing from Ratan Tata, chairman emeritus of Tata Sons, the holding company of Tata Group. Mr Dugar noted that this is the first investment in a tea startup by the Indian business magnate and that the amount will be used for marketing, customer acquisition and hiring. Founded in 2012, Teabox had raised at least US$7 million in previous funding from Jafco Asia, Accel Partners, Keystone Group LP and Dragoneer Investment Group. .

Teabox Holiday Deals Terms and Conditions

1. All offers are time bound.
2. Only select coupon codes will work during the sale.
3. Free tea samples will not be shipped with Subscriptions and TeaPacs only orders.
4. All the offers are valid until stocks last or till the offers end.
5. Any taxes or liabilities or charges payable to the Government or any other authority or body, if any, shall be borne directly by Customer and/or billed to the account of the Customer.
6. The Terms and Conditions shall be governed by the laws of India. Any disputes arising out of and in connection with this program shall be subject to the exclusive jurisdiction of the Courts in Bangalore, India only.
7. Teabox reserves the right to modify or change any of the terms and conditions applicable to this offer at any time with/without prior notice to the Customer.
8. Teabox shall also not be liable for any loss or damage whatsoever that may be incurred, or for any personal injury that may be suffered, by a customer, directly or indirectly, by use or non-use of these products/services.
9. Any person purchasing from Teabox shall be deemed to have accepted all of these Terms and Conditions.