Wednesday, August 19, 2009

Tipu's Tiger Chai Tea Raises Funding

Missoula, Montana-based Tipu's Tiger Chai Tea, a provider of retail chai tea drinks, has raised a round of equity funding. The funding was first reported by MATR. The funding came from Frontier Angel Fund, LLC, with two members of the angel group taking board seats. The firm also received an undisclosed amount of debt financing from lake County Community Development. According to MATR, Tipu's Tiger Chai Tea was founded by entrepreneur and restauranteur Bipin Patel, and currently has distribution deals with Craven Brothers, Sysco Foods and popular Montana stores and restaurants. The firm was founded in 2007. More information »