The investment will be utilized to fuel the brand’s global expansion in the Middle East, Australia and Southeast Asia, and to further strengthen its foothold in the Indian market.
The company is deploying its stack on a wide variety of vehicles like electric scooters, delivery bots, agri-weeders, surveillance bots, golf carts, lawnmowers, etc.
These funds raised will be invested towards Razorpay’s mission of making finance frictionless by building a full-stack financial solutions company, solving for all payment and banking needs of businesses on one platform.
The fundraising by Esah Tea highlights the existing scope in the market for traditional artisanal teas and authentic handcrafted tea products. Esah is the first tea start-up from Assam to raise VC funding.