TABP Snacks & Beverages Secures 20 Crore in Pre-Series a Funding Round

Coimbatore Beverage snack and startup, TABP, has raised 20 crores in its pre-Series a Fundraise. 

The Pre-Series A Funding Round for TABP Snacks & Beverages was Headed by LC Nueva AIF and Arun Mukherjee, with Significant Contributions from Prominent Angels including Koushik Chatterjee, CFO of Tata Steel, and Aniruddha Sarkar, CIO of Quest Investment Advisors

“It's been some really exciting years of growth for TABP. After coming back from COVID-related slowdown, we have shown tremendous growth. In Q3 of 2022-23, we grew 172% compared to Q3 of the previous year. This year we are planning to expand into the east and west geographies of India.” said Prabhu Gandhikumar, Founder of TABP

The funds raised will be used for new territory expansion, R&D and creating more production capacity.

 “TABP is poised to become a leader in India’s beverage and snack space with its strong growth in Tier 2 and 3 markets” said Ashish Chand, Founding Partner, LC Nueva AIF

TABP is on target to clock Rs. 100 crores GMV in FY23, within 4 years of starting operations. TABP predominantly sells beverages priced at Rs 10 and snacks at Rs 5 targeting the bottom of the pyramid consumers in India.

TABP has operations in the states of Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra and Odisha.