Chai Point parent in talks to raise $20 million from Paragon, others

The latest Series C funding round comes at a time when Chai Point is looking to aggressively increase its footprint in top metros across India in a bid to keep ahead of competitors. Mountain Trails Foods Pvt. Ltd, which owns Chai Point, is in advanced discussions to raise about $20 million in Series C funding from new and existing investors. Over the coming months, Chai Point will also face competition from the Tata Group, which has already launched its Tata Cha cafes, and plans to aggressively ramp up.