What would you do when you are about to get married in three
months and things are not looking promising in your startup? Very soon
your responsibilities are going to increase. In such a situation, one
might advise you to sit tight and hope for things to get better. But
Pankaj had less than a month to go until his wedding when his co-founder
put his hands up and announced his departure from the venture. The
startup was about to shut down. Getting a day job was not an option for
Pankaj. He didn’t bat an eyelid and shared everything with his
wife-to-be. She knew he was about to go broke and business would shut
down. She stood by him.
Pankaj decided to start again. He met his present Co-founder Nitin Chaudhary through a common friend and both of them agreed to start in the field of tea business. Pankaj says, “I discussed the idea of starting something with chai and he said, ‘Yes! lets do it!’ I said let me come back after the wedding and start it. Even during my honeymoon period, I was pondering over [the startup] idea than getting lost in the beautiful beaches. Together, Nitin and I structured the idea into plan B, and it took two months to finally start.”
Chai is unofficially christened as the national drink of the country, and the consumption of tea is not confined to any one region. Compared to coffee, people in India drink eight times more tea. The good part about getting into tea business is that unlike coffee business where we already have big players like Cafe Coffee Day, Barista, and Starbucks, the market for tea has still not been captured with only a few players in the field.
What is Chai Thela
Chai Thela is a chain of tea outlets based out of Noida looking to provide the experience of a road-side thela (cart). The main factor that differentiates them from others is that they provide freshly brewed tea. They don’t store tea in flasks and containers, but prepare tea on demand. Chai Thela has a kiosk-based model, and it’s focused on IT parks and colleges as their prime market. Started in February this year with a two-member team, they’ve grown to 32 employees and six outlets. At present, they’ve scaled to a volume of serving up to 500-600 cups from each outlet every day.
Challenges
Pankaj says the biggest challenge while starting up was access to capital. Nitin, Pankaj’s Co-founder, borrowed money from his brother; for Pankaj, his best friend came to the rescue and helped him out with some capital to startup. However, there was a bigger problem which lay ahead. Says Pankaj,
“A new married life needs and deserves time. And, time was the only constraint I had when it came to Shweta (my wife). The rituals of frequent dinners, outings & shopping were hardly followed. She would be frustrated at times. Even our first Valentine’s Day was spent with vendors and prep arrangements, because the first counter was to start three days later.“
They’re looking forward to opening 1000 more outlets in the next five years, and hope to expand to at least five cities by then. At present, they’re also looking to raise funds for expansion.
In recent years, the number of startups in this sector has been on the rise. Chai Point, the biggest contender, raised INR 10 crore earlier this year in a round by Saama Capital. Chaipatty, Infinitea, Tea Trails and other tea cafes that started in recent years have expanded to major metro cities to cater to the large market there. The current tea market in India is estimated to be around INR 20,000 crore, and most of it is yet to be penetrated. Most startups have not entered Tier-2 cities where the majority of the market lies. We are yet to see players entering that market.
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Pankaj decided to start again. He met his present Co-founder Nitin Chaudhary through a common friend and both of them agreed to start in the field of tea business. Pankaj says, “I discussed the idea of starting something with chai and he said, ‘Yes! lets do it!’ I said let me come back after the wedding and start it. Even during my honeymoon period, I was pondering over [the startup] idea than getting lost in the beautiful beaches. Together, Nitin and I structured the idea into plan B, and it took two months to finally start.”
Chai is unofficially christened as the national drink of the country, and the consumption of tea is not confined to any one region. Compared to coffee, people in India drink eight times more tea. The good part about getting into tea business is that unlike coffee business where we already have big players like Cafe Coffee Day, Barista, and Starbucks, the market for tea has still not been captured with only a few players in the field.
What is Chai Thela
Chai Thela is a chain of tea outlets based out of Noida looking to provide the experience of a road-side thela (cart). The main factor that differentiates them from others is that they provide freshly brewed tea. They don’t store tea in flasks and containers, but prepare tea on demand. Chai Thela has a kiosk-based model, and it’s focused on IT parks and colleges as their prime market. Started in February this year with a two-member team, they’ve grown to 32 employees and six outlets. At present, they’ve scaled to a volume of serving up to 500-600 cups from each outlet every day.
Challenges
Pankaj says the biggest challenge while starting up was access to capital. Nitin, Pankaj’s Co-founder, borrowed money from his brother; for Pankaj, his best friend came to the rescue and helped him out with some capital to startup. However, there was a bigger problem which lay ahead. Says Pankaj,
“A new married life needs and deserves time. And, time was the only constraint I had when it came to Shweta (my wife). The rituals of frequent dinners, outings & shopping were hardly followed. She would be frustrated at times. Even our first Valentine’s Day was spent with vendors and prep arrangements, because the first counter was to start three days later.“
They’re looking forward to opening 1000 more outlets in the next five years, and hope to expand to at least five cities by then. At present, they’re also looking to raise funds for expansion.
In recent years, the number of startups in this sector has been on the rise. Chai Point, the biggest contender, raised INR 10 crore earlier this year in a round by Saama Capital. Chaipatty, Infinitea, Tea Trails and other tea cafes that started in recent years have expanded to major metro cities to cater to the large market there. The current tea market in India is estimated to be around INR 20,000 crore, and most of it is yet to be penetrated. Most startups have not entered Tier-2 cities where the majority of the market lies. We are yet to see players entering that market.
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Hi guys If u like this post please leave a comment in comment box... comment box will top right of every post and bottom of every post. its useful for me give a better information.. check top of the blog there is menu bar in that go to comments i replied for u r comments because there is no direct option for reply for u r comments. if u want to give any suggestion in bottom of blog there is contact information option please leave a msgs with u r mail id sure i will get u.
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