Popular retail chain Chaayos has raised $21.5 million in an equity and debt mix (Series-B2 round) led by Silicon Valley-based investment firm Think Investments. The tea cafe chain, led by Sunshine Teahouse Pvt Ltd raised $18.5 million of primary capital from Think Investments and other investors, and $3 million debt investment from InnoVen Capital in the said round. — Businesstoday

IndusLaw advised Sunshine Teahouse Private Limited, operating as Chaayos, as well as its founder Nitin Saluja, led by a team of partner Jinni Sinha and senior associates Nikita Goyal and Chitvan Bakshi.

Indus has been Chaayos’ long-time adviser, having also acted on its 2018 B series round of $12m.

Khaitan & Co Mumbai advised Think.

Gunderson Dettmer represented Tiger Global.

2020-02-12

Deal value: $21.5m

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Update 28 February 2020: INDUSLAW advised Sunshine Teahouse Private Limited, operating as Chaayos, as well as its founder