About Society Tea
Society Tea is a company based in Mumbai (India) founded in 1933 by Hiravan Pranjivandas was acquired by Fruitbowl in March 2018. It operates as a Direct-to-Consumer (D2C). The company has 302 employees as of April 05, 2024. Society Tea offers products and services including Society Leaf Tea, Instant Tea Premixes, and Spice Secrets. Society Tea operates in a competitive market with competitors including Peet's Coffee & Tea, VAHDAM, Teabox, Dorje Teas and Wagh Bakri Tea Group, among others.
- Headquarter Mumbai, India
- Employees 302 as on 05 Apr, 2024
- Founders Hiravan Pranjivandas
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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 Amar Tea Private Limited
- Date of Incorporation 02 Jan, 1990
- Jurisdiction Mumbai, Maharashtra, India
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Products & Services of Society Tea
Society Tea offers a comprehensive portfolio of products and services, including Society Leaf Tea, Instant Tea Premixes, and Spice Secrets. 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.
Leaf tea is offered for daily consumption needs.
Instant tea mixes are provided for quick preparation.
Spices and condiments are sold for culinary use.
Funding Insights of Society Tea
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Society Tea
Society Tea has secured backing from 1 investor. Prominent investors backing the company include Fruitbowl. 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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Provides digital marketing, web design, SEO, and branding for global clients.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Society 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 - Society 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 |
Society Tea Comparisons
Competitors of Society Tea
Society 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 Peet's Coffee & Tea, VAHDAM, Teabox, Dorje Teas and Wagh Bakri Tea Group, 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 |
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| domain | founded_year | HQ Location |
Speciality coffee and tea brand
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Tea powders and accessories are offered by an internet-first brand.
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Online platform offering tea
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| domain | founded_year | HQ Location |
Internet first brand offering tea
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Diverse packaged teas are provided for various consumer preferences.
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Society Tea
Frequently Asked Questions about Society Tea
When was Society Tea founded?
Society Tea was founded in 1933.
Where is Society Tea located?
Society Tea is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does Society Tea have?
As of Apr 05, 2024, the latest employee count at Society Tea is 302.
What is the annual revenue of Society Tea?
Annual revenue of Society Tea is $79.65M as on Mar 31, 2023.
What does Society Tea do?
Society Tea is involved in the online sale of various tea products, including leaf tea, dust tea, instant premixes, and flavored teas. Operations are focused on the beverage sector, with additional offerings in spices, pickles, chutneys, and dairy products. Solutions are provided through a direct-to-consumer model, ensuring accessibility via an e-commerce platform. The company also engages in cultural initiatives like Sounds of Society to document contemporary music and arts.
Who are the top competitors of Society Tea?
Society Tea's top competitors include Peet's Coffee & Tea, VAHDAM and Wagh Bakri Tea Group.
What products or services does Society Tea offer?
Society Tea offers Society Leaf Tea, Instant Tea Premixes, and Spice Secrets.
Who are Society Tea's investors?
Society Tea has 1 investor. Key investors include Fruitbowl.