About Shaka Tea
Shaka Tea is a company based in Hilo (United States) founded in 2015 by Bella Hughes and Harrison Rice was acquired by King's Hawaiian in February 2022.. Shaka Tea has raised $5 million across 3 funding rounds from investors including King's Hawaiian, FoodBytes and Mahi Pono. Shaka Tea offers products and services including Herbal Iced Tea Collection, Mango Hibiscus Tea, Pineapple Mint Tea, Passion Orange Guava Tea, and Sunrise Herbal Tea. Shaka Tea operates in a competitive market with competitors including Argo Tea, HTeaO, JuneShine, Jiant and Bhakti, among others.
- Headquarter Hilo, United States
- Founders Bella Hughes, Harrison Rice
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Sectors
Consumer
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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
$5 M (USD)
in 3 rounds
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Latest Funding Round
$2.7 M (USD), Seed
Dec 01, 2021
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Investors
King's Hawaiian
& 2 more
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Employee Count
Employee Count
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Acquired by
King's Hawaiian
(Feb 02, 2022)
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Products & Services of Shaka Tea
Shaka Tea offers a comprehensive portfolio of products and services, including Herbal Iced Tea Collection, Mango Hibiscus Tea, Pineapple Mint Tea, Passion Orange Guava Tea, and Sunrise Herbal Tea. 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.
Caffeine-free teas infused with tropical flavors for daily hydration.
Caffeine-free tea blending mango and hibiscus for refreshing taste.
Caffeine-free herbal tea with pineapple and mint flavors.
Caffeine-free tea featuring tropical citrus notes for hydration.
Caffeine-free sachet tea for brewing herbal infusions twice.
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Funding Insights of Shaka Tea
Shaka Tea has successfully raised a total of $5M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.7 million completed in December 2021. 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 3
- Last Round Seed — $2.7M
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First Round
First Round
(29 Mar 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Shaka Tea | Valuation |
investors |
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| Jun, 2020 | Amount | Seed - Shaka Tea | Valuation | Mahi Pono |
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| Mar, 2019 | Amount | Grant - Shaka Tea | 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 Shaka Tea
Shaka Tea has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include King's Hawaiian, FoodBytes and Mahi Pono. 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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Sugar cane farms are owned and operated in Hawaii.
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Founded Year | Domain | Location | |
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Pitch competition and networking platform for food and agriculture startups
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Founded Year | Domain | Location | |
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Manufacturer of sweet rolls, bread, and related baked goods
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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 Shaka 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 - Shaka 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 |
Shaka Tea Comparisons
Competitors of Shaka Tea
Shaka 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 Argo Tea, HTeaO, JuneShine, Jiant and Bhakti, 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 |
Produces and markets tea products
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| domain | founded_year | HQ Location |
Probiotic teas are brewed and distributed by Brew Dr. Kombucha.
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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 Shaka Tea
Frequently Asked Questions about Shaka Tea
When was Shaka Tea founded?
Shaka Tea was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Shaka Tea located?
Shaka Tea is headquartered in Hilo, United States. It is registered at Hilo, Hawaii, United States.
Who is the current CEO of Shaka Tea?
Harrison Rice is the current CEO of Shaka Tea. They have also founded this company.
Is Shaka Tea a funded company?
Shaka Tea is a funded company, having raised a total of $5M across 3 funding rounds to date. The company's 1st funding round was a Grant of $10K, raised on Mar 29, 2019.
What does Shaka Tea do?
Shaka Tea was founded in 2015 and is based in Hilo, United States. As a beverage brand, ready-to-drink teas are produced in flavors including guava ginger blossom, mango, and pineapple mint. Products are sold primarily through independent stores, with the majority of sales occurring in Hawaii. Operations focus on the ready-to-drink tea sector within the United States market.
Who are the top competitors of Shaka Tea?
What products or services does Shaka Tea offer?
Shaka Tea offers Herbal Iced Tea Collection, Mango Hibiscus Tea, Pineapple Mint Tea, Passion Orange Guava Tea, and Sunrise Herbal Tea.
Who are Shaka Tea's investors?
Shaka Tea has 3 investors. Key investors include King's Hawaiian, FoodBytes, and Mahi Pono.