About Roastea
Roastea is a company based in Ahmedabad (India) founded in 2019 by Anurag Bhamidipaty and Chaitanya Bhamidipaty. Roastea has raised $1.74 million across 2 funding rounds from investors including Ascendum, Infibeam Projects Management and Dinesh Ochani. The company has 183 employees as of May 13, 2024. Roastea offers products and services including Vending Machines, Cafe Outlets, and Roastea E-store. Roastea operates in a competitive market with competitors including Sweet Karam Coffee, Godrej Agrovet, Keventer, Patanjali Ayurved and Danone, among others.
- Headquarter Ahmedabad, India
- Employees 183 as on 13 May, 2024
- Founders Anurag Bhamidipaty, Chaitanya Bhamidipaty
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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 Tct Ventures Private Limited
- Date of Incorporation 02 Jan, 2020
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$1.67 M (USD)248.15as on Mar 31, 2023
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Net Profit
$18.64 K (USD)-58.16as on Mar 31, 2023
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EBITDA
$132.02 K (USD)310.14as on Mar 31, 2023
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Total Equity Funding
$1.74 M (USD)
in 2 rounds
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Latest Funding Round
$1.03 M (USD), Seed
Nov 03, 2022
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Investors
Ascendum
& 18 more
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Employee Count
183
as on May 13, 2024
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Products & Services of Roastea
Roastea offers a comprehensive portfolio of products and services, including Vending Machines, Cafe Outlets, and Roastea E-store.
Machines providing hassle-free beverages for workplaces.
Spaces for consuming coffee, tea, and snacks on-site.
Online platform for ordering premium beverages directly.
Funding Insights of Roastea
Roastea has successfully raised a total of $1.74M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.03 million completed in November 2022. 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.
Investors in Roastea
Roastea has secured backing from 19 investors, including institutional and angel investors. Prominent investors backing the company include Ascendum, Infibeam Projects Management and Dinesh Ochani.
| Investor | Description | Founded Year | Domain | Location |
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IT and HR services are delivered across key industries.
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Dinesh Ochani |
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Harsh Amit Parikh |
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Investor details for Roastea
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Investments & Acquisitions by Roastea
Investment portfolio details for Roastea
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Financial Statements - Roastea
Detailed financials for Roastea
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Roastea Comparisons
Peer comparison for Roastea
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Competitors of Roastea
Roastea 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 Sweet Karam Coffee, Godrej Agrovet, Keventer, Patanjali Ayurved and Danone, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Dry snacks and coffee are manufactured and distributed.
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Diversified crop protection solutions are provided to farmers.
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Multi-category food and beverage products are provided by Keventer.
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Ayurvedic medicines and nutraceuticals are offered via an online platform.
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Health-focused dairy and plant-based food products are offered.
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Producer of natural and functional ingredients for food, beverage and healthcare products
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Detailed competitors of Roastea
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Latest news on Roastea
Complete news archive for Roastea
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Frequently Asked Questions about Roastea
Roastea was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Roastea is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Roastea is a funded company, having raised a total of $1.74M across 2 funding rounds to date.
As of May 13, 2024, the latest employee count at Roastea is 183.
Annual revenue of Roastea is $1.67M as on Mar 31, 2023.
Roastea was founded in 2019 in Ahmedabad, India, within the food and beverage sector. An omnichannel model is employed, encompassing cafes and vending machines. Products are crafted from natural ingredients, excluding preservatives and artificial colors. Automated brewing technology is integrated into vending machines to facilitate convenient access to beverages across operations.
Roastea's top competitors include Sweet Karam Coffee, Patanjali Ayurved and Keventer.
Roastea offers Vending Machines, Cafe Outlets, and Roastea E-store.
Roastea has 19 investors. Key investors include Ascendum, Infibeam Projects Management, Dinesh Ochani, Harsh Amit Parikh, and Monica Shah.