Tea retail chain Chai Point uses preference share route to raise Rs 60 cr

Co-founded by Harvard Graduate Amuleek Singh Bijral, Chai Point has emerged as one of the largest omni-channel beverage brands in the country

Mountain Trails Foods Pvt. Ltd, which owns food-and-beverage brand Chai Point, has raised Rs 60 crore from investors including Eight Roads Ventures, Sama Capital, Milestone Capital and DSCGP Souza.

The company has raised the funding by allotting preference shares of 1,22,130, according to the financial data accessed by business intelligence platform, Tofler.

Chai Point, co-founded by