Humble Tea Inc. Asset Profile

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Year established

2015

Location

Los Angeles CA US

Primary Industry

Consumer Products

About

Founded in 2015 and based in California, US, Humble Tea Inc. also known as Tea Drops operates as a producer of dissolvable organic tea for its customers. The company was founded by its CEO Sashee Chandran. In 2020, Humble Tea Inc. added bubble tea kits to its product portfolio and in May 2021, Humble Tea Inc. raised USD 5 million in Series A funding led by new investor BrandProject, with participation from another new investor Siddhi Capital. As of 2021, the company’s products are sold in about 2,000 retailers. Humble Tea offers various flavors of tea cartridges called tea drops to customers that are made from organic ground tea leaves and are dropped in a mug of hot or cold water and stirred to make fresh tea. The company sells its products through its e-commerce platform and third-party retailers and grocery stores. The company’s tea products are available in a range of flavors starting from dessert (sweet flavors) and unsweetened to matcha green and boba bubble. Humble Tea has a monthly paid membership service called tea club through which its customers can get a tea box for each month, containing 16 tea drops, a surprise gift, and self-care interviews by experts with free delivery for USD 25 per month. The company also offers an online quiz for its customers to find their suitable flavors of tea by answering few questions. Humble Tea Inc. plans to use its May 2021 funding to support its product innovations, build an online presence and increase distribution in brick-and-mortar stores.

Current Investors

Cue Ball Capital, AF Ventures, Halogen Ventures

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Primary Industry

Consumer Products

Sub Industries

Non-Alcoholic Beverages, Health Foods & Nutritional Supplements

Website

www.myteadrop.com

Verticals

E-commerce, Manufacturing

Company Stage

Series A

Total Amount Raised

Subscriber access only

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