Team StartupCity

• Raises $3 Million led by LC Nueva with key investors onboard
• Plans to expand in South and East India, boost manufacturing
• Aims for Rs 800 Cr revenue within three years

TABP Snacks and Beverages has raised $3 million (about Rs 26 crore) in a funding round led by LC Nueva, with additional support from Entrust Family Office, Arun Mukherjee, and Soumya Malani. The Chennai-based company plans to use the capital to widen its distribution network across South and East India, launch new beverage formats, and scale its production capacity.

Founded in 2018 by Prabhu Gandhikumar and Brindha Vijayakumar, TABP makes affordable packaged beverages inspired by popular local street drinks. The brand focuses on lower and middle-income customers by offering consistent quality and pricing while formalizing what has been a largely unorganized market segment.

TABP reports strong growth, with revenue rising from Rs 4 crore in FY19 to Rs 212 crore in FY24-25. The company has set an ambitious target of reaching Rs 800 crore in revenue over the next three years.

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The brand competes with major players such as Paper Boat, Rasna, Dabur, and the value beverage portfolios of Coca-Cola and PepsiCo, along with several regional brands operating in the low-cost segment. With this fresh funding, TABP aims to solidify its position in the mass-market beverages category.