Think Investments led a $21m Series B2 round in Chaayos.

Private equity firm Think Investments led a $21m Series B2 funding round in Chaayos, a tea cafe chain. The investment round also included existing investors SAIF Partners Tiger Global, and InnoVen Capital. The company is looking to deploy these fresh funds towards strengthening its technology and expanding team. A significant portion of the funding will also be used for opening 100 new stores by the end of this current fiscal.