Tuesday, May 17 2022 | Time 19:51 Hrs(IST)
image
Business Economy


Tea Time eyes at 80 cr cups per month ; plans to venture into snack business

Hyderabad, Jan 1 (UNI) India’s largest network of tea franchise outlets, Tea Time, is aiming to sell from 3.5 crore cups per month to 80 crore cups per month in future.

“Serving quality tea at affordable price is our aim which led to a creation of 2,800 franchise network of Tea Time,“ Tea Time Founder and Managing Director Mr. Uday Srinivas Tangella said while delivering a talk on ‘ Formalizing Entrepreneurship over a Cup of Tea’ at the 37th WiseViews Leadership Conversations conducted by ICFAI here on Friday evening.
Mr. Uday said the Covid-19 situation has helped in the growth of Tea Time as people looked to consume tea at a hygiene place and Tea Time stood up to serve this purpose and it attracted more people to take up the franchise of the Tea Time.
In future, snacks like samosa and biscuits can also be formalized, believed Mr. Uday and he stated that very soon they are planning to venture into the snack business.
Explaining his journey as a student and his dilemma to start his own business, he said initially he started a café to serve fresh fruit juices and it turned out to be a failure. Then he thought about what is common to every Indian. The answer was ‘Tea’.
Mr. Uday stated that he did some research about the Tea market in India and the opportunity he found was staggering. There is a market of 3.5 lakh crore cups in this field and that excited him to start the Tea business.

Mr. Uday started the first outlet of Tea Time at Rajahmundry in Andhra Pradesh state and decided to build a franchise network in the country.

“Franchise networks bring a sense of ownership and the hygiene part is taken care of” he stated.
“Tea is the second largest consuming beverage after water. The common man of our country deserves better tea in a hygienic environment at an affordable price is the philosophy behind the evolution of the Tea Time and we ensure that the quality is maintained across all the outlets,” Mr. Uday explained.
He also said “ Till 100 outlets, Tea Time did not have its own office and the focus on the quality clubbed with hygiene has led to the phenomenal growth of over 2800 outlets at present in 14 states across the country.”

“At Tea Time, we strive to strike a connection with the common man and the interior design of the outlet is made to suit his walk into the outlet. The price also is fixed at around Rs. 10 to pull the common man to Tea Time”, he also explained.
Mr. Uday termed the “Tea Time as the Café of the common man” and his aim is to sell from 3.5 crore cups per month to 80 crore cups per month in future.
UNI KNR GNK
More News

Jet Airways 2 0 moves a step closer to resume operation

17 May 2022 | 7:03 PM

New Delhi, May 17 (UNI) Jet Airways has moved a step closer to restart its operations.

see more..

Millennial investors increasingly investing in commercial real estate: Survey

17 May 2022 | 5:37 PM

Bengaluru May 17 (UNI) Millennial investors, known for their higher risk appetite and asset-light financial approach, are increasingly investing in Indian commercial real estate (CRE), a survey conducted by MYRE Capital said on Tuesday.

see more..

Rupee down by 12 paise against USD

17 May 2022 | 5:05 PM

Mumbai, May 17 (UNI) The Rupee on Tuesday slipped 12 paise to close at 77.56 against the USD on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said.

see more..

Kottayam-Kochi Rubber Market Rates

17 May 2022 | 4:52 PM

Kottayam May 17(UNI) Following were the Rubber Market rates announced
by the Rubber Board here today per quintal.

see more..

Sensex rallied 1344 63 pts

17 May 2022 | 4:51 PM

Mumbai, May 17 (UNI) The BSE Sensex on Tuesday soared 1344.63 pts to close at 54,318.47 on the back of positive global cues.

see more..
image