About Genuine Tea
Genuine Tea is a company based in Toronto (Canada) founded in 2015 was acquired by Goodfood in November 2024.. Genuine Tea has raised $150 thousand across 1 funding round from investors including Goodfood and District Ventures Capital. The company has 3 employees as of December 31, 2024.
- Headquarter Toronto, Canada
- Employees 3 as on 31 Dec, 2024
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Funding Insights of Genuine Tea
Genuine Tea has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Seed round of $150 thousand completed in October 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 1
- Last Round Seed — $150,000
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First Round
First Round
(24 Oct 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2018 | Amount | Seed - Genuine Tea | Valuation | District Ventures Capital |
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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 |
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Investors in Genuine Tea
Genuine Tea has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Goodfood and District Ventures Capital. 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 centric offline-focused VC firm funding companies in the US
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Founded Year | Domain | Location | |
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Recipe boxes with pre-prepped ingredients are ordered via online platform.
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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 Genuine 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 - Genuine 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 |
Genuine Tea Comparisons
Competitors of Genuine Tea
| 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 Genuine Tea
When was Genuine Tea founded?
Genuine Tea was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Genuine Tea located?
Genuine Tea is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Genuine Tea a funded company?
Genuine Tea is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Seed of $150K, raised on Oct 24, 2018.
How many employees does Genuine Tea have?
As of Dec 31, 2024, the latest employee count at Genuine Tea is 3.
What does Genuine Tea do?
Genuine Tea was founded in 2015 in Toronto, Canada, within the organic beverage sector. A range of teas, including black, green, herbal, oolong, matcha, and wellness varieties, is blended and packaged. Tea accessories such as teapots, infusers, and storage containers are also offered. Operations focus on direct-to-consumer sales via an online store, with emphasis on ethical sourcing practices.
Who are Genuine Tea's investors?
Genuine Tea has 2 investors. Key investors include Goodfood, and District Ventures Capital.