About Bhakti
Bhakti is a company based in Boulder (United States) founded in 2007 by Brook Eddy.. Bhakti has raised $15.21 million across 8 funding rounds from investors including CircleUp, Molson Coors and Cleveland Avenue. Bhakti offers products and services including Organic Chai and Subscriptions. Bhakti operates in a competitive market with competitors including Argo Tea, HTeaO, JuneShine, Jiant and Long Island Iced Tea, among others.
- Headquarter Boulder, United States
- Founders Brook Eddy
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.21 M (USD)
in 8 rounds
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Latest Funding Round
$2.18 M (USD), Series B
Aug 28, 2018
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Investors
CircleUp
& 3 more
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Employee Count
Employee Count
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Products & Services of Bhakti
Bhakti offers a comprehensive portfolio of products and services, including Organic Chai and Subscriptions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cold-pressed ginger chai for energy and flavor in various recipes.
Ongoing delivery of organic chai products for regular use.
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Funding Insights of Bhakti
Bhakti has successfully raised a total of $15.21M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $2.18 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $2.2M
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First Round
First Round
(12 Jan 2011)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Series B - Bhakti | Valuation |
investors |
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| Sep, 2017 | Amount | Series B - Bhakti | Valuation | Cleveland Avenue |
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| Jun, 2017 | Amount | Series A - Bhakti | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bhakti
Bhakti has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include CircleUp, Molson Coors and Cleveland Avenue. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage impact investments are focused on Colorado companies.
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Founded Year | Domain | Location | |
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Cleveland Avenue is engaged in venture capital investments globally.
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Founded Year | Domain | Location | |
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Beers, lagers, and malt beverages are brewed by Molson Coors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bhakti
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bhakti
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bhakti Comparisons
Competitors of Bhakti
Bhakti operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Argo Tea, HTeaO, JuneShine, Jiant and Long Island Iced Tea, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tea is manufactured and distributed by Argo Tea internationally.
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| domain | founded_year | HQ Location |
A variety of flavored teas is sold by HTeaO brand.
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| domain | founded_year | HQ Location |
Organic kombucha is brewed and distributed by JuneShine.
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| domain | founded_year | HQ Location |
Fresh-brewed hard teas and kombuchas are produced by Jiant.
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| domain | founded_year | HQ Location |
Tea-based beverages in various flavors are manufactured and marketed.
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| domain | founded_year | HQ Location |
Ready-to-drink teas in various flavors are distributed by Shaka Tea.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bhakti
Frequently Asked Questions about Bhakti
When was Bhakti founded?
Bhakti was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Where is Bhakti located?
Bhakti is headquartered in Boulder, United States. It is registered at Boulder, Colorado, United States.
Who is the current CEO of Bhakti?
Brook Eddy is the current CEO of Bhakti. They have also founded this company.
Is Bhakti a funded company?
Bhakti is a funded company, having raised a total of $15.21M across 8 funding rounds to date.
What does Bhakti do?
Bhakti was founded in 2007 in Boulder, United States, within the beverage sector. Packaged tea products, such as bottled sparkling tea, iced tea, premium tea, and concentrates, are produced with sourcing primarily from India. These items are distributed through retail grocery stores, restaurants, and cafes across the United States. Operations focus on tea branding and market availability in physical retail channels.
What products or services does Bhakti offer?
Bhakti offers Organic Chai and Subscriptions.
Who are Bhakti's investors?
Bhakti has 4 investors. Key investors include CircleUp, Molson Coors, Cleveland Avenue, and Colorado Impact Fund.