Chai Point aims to become profitable in 2 qtrs, will expand business: CEO

Bengaluru-based startup plans bigger business for its brewing system and packaged product divisions.

Chai Point
Chai Point
Sourabh Lele New Delhi
2 min read Last Updated : Aug 17 2022 | 2:46 PM IST
Chai Point aims to become profitable in the next two quarters after overcoming the impact of Covid-19, said the tea and beverage company’s CEO on Wednesday.

Chai Point on Wednesday opened its first store in Amritsar, marking its entry in Punjab. The Bengaluru-based startup opened 18 stores across India since July and it plans to add 100 new outlets in the next 18 months.

The company, which was launched in 2010, runs 180 retail outlets in nine cities and it has installed its brewing systems in over 3,500 workplace community hubs in 43 cities.

Amuleek Singh Bijral, co-founder and CEO of Chai Point, said the business had recovered from a lull of almost two years due to Covid-19. “The numbers are going to be much higher than pre-COVID time this year. We are one of the few consumer tech companies with prospects of a positive EBIDTA in the immediate near future,” he said on the sidelines of the launch in Amritsar.

The company received its series C funding in December 2021 and it expects to get more financing in the next six to nine months.  

Apart from retail outlets, Chai Point plans international expansion of its brewing system and packaged product divisions. “The cloud kitchen platform offers an opportunity for international expansion. We are the first brand to offer QR code for touchless beverage dispensing, without a need for installing any app,” Bijral said.

“We are excited to bring the Chai Point experience to a city known for its exceptional food culture. With our innovation-backed myChai™ brewing systems and a wide array of food offerings, we are looking forward to delighting our customers in Amritsar with an elevated Chai-led experience” he said. 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Chai PointStart-upsIndian startupsCompaniesBengalururetail market

Next Story