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Chaayos posts Rs 237 Cr revenue in FY23; losses spike 34%

Entrackr · 1y

Chaayos, a tea cafe chain backed by Tiger Global, reported a 75.6% growth in revenue from operations, crossing the Rs 230 crore mark in FY23. The company's revenue increased from Rs 135 crore in FY22 to Rs 237 crore in FY23. However, Chaayos also experienced a 33.8% increase in losses during the same period. The company has 200 cafes across the country and aims to expand to 400 cafes in the near future. The cost of material consumed and employee benefit expenses accounted for a significant portion of the company's expenditures.