# Mountain Trail Foods Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mountain-trail-foods-pvt

- Industry: Consumer Products
- Headquarters: Bangalore, India
- Website: www.chaipoint.com
- Total disclosed funding: $52M
- Latest round: Series C (Feb 3, 2021)
- Investors on record: 5

## About

Mountain Trail Foods Pvt Ltd, based in India, is a significant player in the tea industry, known for its premium chai blends and a robust direct-to-consumer sales model.Mountain Trail Foods Pvt Ltd specializes in the production and distribution of tea products. Founded in 2010, the company is headquartered in Bangalore, India. The founders include Amuleek Bijral, Nikunj Gupta, and Tarun Khanna, with Amuleek Bijral serving as CEO. The company raised INR 300 million in venture funding from InCred Capital on December 28, 2021, bringing its total funds raised to INR 300 million and current valuation to INR 11,736.77 mn.Chai Point, a brand of Mountain Trail Foods Pvt Ltd, offers a diverse array of tea blends to cater to the varied tastes of tea enthusiasts in India. With over 30 lakh customers, their products are accessible through online platforms, serving major metropolitan areas including Bengaluru, Mumbai, and Delhi. The company aims to enhance the consumer experience by providing curated tea selections that address the increasing demand for premium tea.In the most recent fiscal year 2023, Chai Point generated revenue of INR 24,932,112.10, while reporting an EBITDA of -4,897,630.80.The company plans to leverage the recent funding of INR 300 million to introduce new tea products aimed at expanding its product line. Additionally, Mountain Trail Foods Pvt Ltd seeks to enter new markets and geographic regions, with specific plans for expansion into Tier 2 cities by 2024, enhancing its footprint in the Indian tea market.

## Funding rounds

- Series C, Feb 3, 2021, $10M — Eight Roads Ventures, Saama Capital, DSG Consumer Partners, Paragon Partners
- Series C, Jul 6, 2019, $8.8M — Eight Roads Ventures, Milestone Capital Advisors, Saama Capital, DSG Consumer Partners
- Series C, Apr 13, 2018, $18M — Eight Roads Ventures, Saama Capital, DSG Consumer Partners, Paragon Partners
- Series B, Jun 14, 2017, $2.9M — Eight Roads Ventures, Saama Capital, DSG Consumer Partners
- Series B, Aug 5, 2015, $9.4M — Eight Roads Ventures, Saama Capital, DSG Consumer Partners
- Series A, Apr 6, 2015, $1M — Saama Capital
- Series A, Jan 17, 2014, $2.2M — Saama Capital

## Investors

- Saama Capital (https://capitalatlas.ai/funds/saama-capital) — Series A, Series B, Series C
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series B, Series C
- DSG Consumer Partners (https://capitalatlas.ai/funds/dsg-consumer-partners) — Series B, Series C
- Paragon Partners — Series C
- Milestone Capital Advisors — Series C