TABP Snacks and Potables, a libation and snacks incipiency from Coimbatore, has raised INR 20 crore in its pre-Series A fundraiser. The backing was led by adventure fund LC Nueva AIF along with Arun Mukherjee and angel investors. Some of the notable angels who have invested in this round include Koushik Chatterjee, CFO of Tata Steel, and Aniruddha Sarkar, principal investment officer of Quest Investment counsels among others.
TABP Snacks and Potables is one of the swift- growing startups in the food and libation space in India. TABP is on target to timepiece INR 100 crore GMV in FY23, within four times of starting operations. TABP generally sells potables priced at INR 10 and snacks at INR 5 targeting the bottom of the aggregate consumers in India. TABP has operations in the states of Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra and Odisha. The finances raised will be used for new home expansion, R&D and creating further product capacity. The establishment intends to use the finances raised for its expansion plans, adding its capacity and for R&D. TABP has its operations in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra and Odisha.
The establishment claims to be dealing with potables priced by targeting the ‘bottom of the aggregate’ consumers in India. Prabhu Gandhikumar, author of TABP, said, “We’ve a aggregate of seven shops now, five shops in Tamil Nadu and two in Maharashtra. We’re putting in place a new factory in Rayagada, Maharashtra”. TABP is on target to timepiece Rs. 100 crores GMV in FY23, within 4 times of starting operations. TABP targets lower- income consumers in India and primarily sells potables for INR 10 and snacks for INR 5. TABP has operations in the countries of Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra and Odisha.