Tea café chain Chaayos, run by Delhi-based Sunshine Teahouse Pvt. Ltd, has raised $12 million in a Series B round of funding from venture capital and growth equity investment firm SAIF Partners, Hong Kong-based investment firm Integrated Capital and growth-stage fund Pactolus.
The company intends to use the money to strengthen its foothold in its existing markets of Delhi-NCR, Mumbai and Chandigarh by introducing more cafes.
Chaayos currently operates in Delhi-NCR, Mumbai, Chandigarh, Ambala and Karnal.