About Blue Tea
Blue Tea is a company based in Faridabad (India) founded in 2018 by Nitesh Singh and Sunil Chandra Saha.. Blue Tea has raised $60.61 thousand across 2 funding rounds from investors including Aman Gupta. The company has 37 employees as of April 05, 2024. Blue Tea offers products and services including Butterfly Pea Flower Tea, Hibiscus Tea, Chamomile Tea, and Matcha. Blue Tea operates in a competitive market with competitors including VAHDAM, Teabox, Dorje Teas, Freshleaf and Jade Forest, among others.
- Headquarter Faridabad, India
- Employees 37 as on 05 Apr, 2024
- Founders Nitesh Singh, Sunil Chandra Saha
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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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- Legal Name Redplum Private Limited
- Date of Incorporation 09 Mar, 2016
- Jurisdiction Ballabgarh, Haryana, India
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Annual Revenue
$2.15 M (USD)89.37as on Mar 31, 2023
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Net Profit
$35.03 K (USD)92.24as on Mar 31, 2023
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EBITDA
$41.64 K (USD)36.54as on Mar 31, 2023
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Total Equity Funding
$60.61 K (USD)
in 2 rounds
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Latest Funding Round
$60.61 K (USD), Angel Round
Feb 07, 2023
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Investors
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Employee Count
37
as on Apr 05, 2024
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Products & Services of Blue Tea
Blue Tea offers a comprehensive portfolio of products and services, including Butterfly Pea Flower Tea, Hibiscus Tea, Chamomile Tea, and Matcha. 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.
Antioxidant-rich tea from butterfly pea flowers for health benefits.
Tea made from hibiscus flowers with potential immune support.
Relaxing tea derived from chamomile for stress relief.
Powdered green tea for energy and wellness.
Funding Insights of Blue Tea
Blue Tea has successfully raised a total of $60.61K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $60.61 thousand completed in February 2023. 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 2
- Last Round Angel Round — $60,609
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First Round
First Round
(07 Feb 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Debt – Conventional - Blue Tea | Valuation |
investors |
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| Feb, 2023 | Amount | Angel Round - Blue Tea | Valuation | Aman Gupta |
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| 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 Blue Tea
Blue Tea has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Aman Gupta. 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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AG
Aman Gupta |
Co-founder of boAt, Shark Tank India judge, active angel investor
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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 Blue Tea
| 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 - Blue Tea
| 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 |
Blue Tea Comparisons
Competitors of Blue Tea
Blue Tea 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 VAHDAM, Teabox, Dorje Teas, Freshleaf and Jade Forest, 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 powders and accessories are offered by an internet-first brand.
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| domain | founded_year | HQ Location |
Online platform offering tea
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| domain | founded_year | HQ Location |
Internet first brand offering tea
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| domain | founded_year | HQ Location |
Freshleaf is engaged in offering premium teas and blends.
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| domain | founded_year | HQ Location |
Tonic water is branded and distributed by Jade Forest.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Blue Tea
When was Blue Tea founded?
Blue Tea was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is Blue Tea located?
Blue Tea is headquartered in Faridabad, India. It is registered at Faridabad, Haryana, India.
Is Blue Tea a funded company?
Blue Tea is a funded company, having raised a total of $60.61K across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $30.3K, raised on Feb 07, 2023.
How many employees does Blue Tea have?
As of Apr 05, 2024, the latest employee count at Blue Tea is 37.
What is the annual revenue of Blue Tea?
Annual revenue of Blue Tea is $2.15M as on Mar 31, 2023.
What does Blue Tea do?
Blue Tea is an Indian Ayurvedic Herbal Tea Brand offering the healthiest herbal tea in India. They provide a variety of herbal teas with calming effects and health benefits. Shop online for their premium loose-leaf teas and herbal blends.
Who are the top competitors of Blue Tea?
Blue Tea's top competitors include VAHDAM, Teabox and Dorje Teas.
What products or services does Blue Tea offer?
Blue Tea offers Butterfly Pea Flower Tea, Hibiscus Tea, Chamomile Tea, and Matcha.
Who are Blue Tea's investors?
Blue Tea has 1 investor. Key investors include Aman Gupta.