Back in June of 2013 our very own Michael Berkens and his company Most Wanted Domains sold Teabox.com for $30,000.
Today the company was featured on Tech Crunch as the company is seeking to raise $1million in seed funding.
Now TeaBox, a speciality e-commerce startup based in the North Eastern town of Siliguri in India, is raising around $1 million in seed funding led by Accel Partners India to serve fresh tea packages across Russia, US, China and Japan. Another investor participating in this round is Horizen Ventures.
By using an e-commerce platform that allows tea drinkers in these countries to browse, select, and order their favorite variant of the beverage, TeaBox is removing the traditional distribution layers of resellers and marketeers. From around 3-6 months it took earlier for tea from a plantation in Darjeeling to reach customers in Europe or the U.S., it now takes less than a week.
Since it was launched, TeaBox has shipped around 10,000 kg of teas, equivalent to around 5 million cups across 65 countries. This year, the shipment could treble to around 30,000 kg of teas or up to 14 million cups when served. In its top four markets of Russia, US, Canada and Australia, TeaBox’s average order value is around $110 for each package.
- Founded December 2011
- Total Funding Not available
- Overview Teabox offers a premium tea delivery service. Their Indian tees are expertly chosen and delivered direct from origin to your doorstep. The tea is sourced and shipped directly from origin. They have selections by regions such as Darjeeling, Assam, Nilgiri, Kanra & Skikim and by tea type such as black, green, oolong, white and chai.
- Website http://www.teabox.com