Coimbatore-based TABP raises Rs 26 crore in funding, aims to cross Rs 800 crore in sales

Coimbatore-based TABP Snacks and Beverages has raised $3 million (around Rs 26 crore) in a funding round led by LC Nueva.

The recent funding round also included participation from Entrust Family Office and investors Arun Mukherjee and Soumya Malani.

Founded in 2018 by Prabhu Gandhikumar and Brindha Vijayakumar, a husband-and-wife engineer duo, TABP has carved out a unique niche in the value beverage market. The company transforms popular local street drinks into hygienic, standardized, and affordable packaged formats aimed at bottom-of-the-pyramid consumers.

TABP said it will use the capital to expand distribution across southern and eastern states, introduce new beverage formats, and scale manufacturing capacity.

The company claims that it recorded Rs 212 crore in sales in FY24-25, up from Rs 4 crore in FY19, and aims to cross Rs 800 crore in sales over the next three years before expanding to pan India and exploring a public listing.

“India’s beverage revolution won’t be defined by metros alone but by consumers of Bharat. For millions of consumers in tier-2 towns, industrial belts, and rural markets, there is still a gap between taste, hygiene, and affordability. Our goal is to deliver quality beverages that feel aspirational yet remain accessible,” said Prabhu Gandhikumar, co-founder and CEO of TABP. 

LC Nueva’s spokesperson said, “We have been early believers in TABP’s vision and are proud to see their focused execution translating into tangible growth. Our conviction in brands catering to BHARAT remains strong, and TABP exemplifies this opportunity. TABP’s growth signals a new wave of aspirational yet value-conscious consumption.”