TABP Snacks And Beverages Raises INR 20 Crore In Pre-Series A Funding The fund raised will be used for new territory expansion, R&D and creating more production capacity

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

TABP Snacks and Beverages, a beverage and snacks startup from Coimbatore, has raised INR 20 crore in its pre-Series A fundraise. The funding was led by venture 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 (chief investment officer of Quest Investment Advisors) among others. The funds raised will be used for new territory expansion, R&D and creating more production capacity.

"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. We feel we have not even scratched the surface and just getting started. This year we are planning to expand into the east and west geographies of India," said Prabhu Gandhikumar, founder of TABP.

TABP is on target to clock INR 100 crore GMV in FY23, within 4 years of starting operations. TABP predominantly sells beverages priced at INR 10 and snacks at INR 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, claimed by the company in a statement.

"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.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Growing a Business

The 10 Best Podcasts Every Entrepreneur Should Listen to for Growth, Strategy and Success

Unlock your potential with the 10 must-listen podcasts for entrepreneurs, offering expert insights on growth, strategy and success.

News and Trends

Nikhil Kamath's WTFund Backs 22 Young Entrepreneurs with Grants & Mentorship

WTFund's second cohort, spanning 50+ cities, showcases startups across Tech, D2C, Edtech, Fintech, and more. Tier I drives AI/ML B2B solutions, while Tier II/III focus on vernacular-first B2C innovations.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growth Strategies

JLR To Ramp Up Production Of Made In India Range Rover & Range Rover Sport; To Focus On SV Variants: Rajan Amba

We are focusing on tailor made limited edition cars, specifically for the Indian market, catering to the high net worth individuals (HNIs), says Rajan Amba, MD, JLR India

News and Trends

Triton VC Announces First Close of INR 240 Cr Fund II

Focused on B2B Tech and tech-enabled services, Triton Fund II aims to invest in pre-Series A and Series A rounds, with initial ticket sizes ranging from INR 8–16 crores per company.