Chaayos raises $12 mn in Series B funding from SAIF, others

Tea cafe chain Chaayos on Thursday raised $12 million in Series B funding from SAIF Partners, Hong Kong-based Integrated Capital and Singapore-based investment firm Pactolus. Founded in 2012 by IIT alumni Nitin Saluja and Raghav Verma, Chaayos reportedly posted unaudited revenues of ₹52 crore in FY18. In 2015, Chaayos raised $5 million in Series A funding from Tiger Global Management.