The Kettlery

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The Kettlery - overview

Established

2015

Location

Ahmedabad, Gujarat, India

Primary Industry

Consumer Products

About

The Kettlery specializes in premium teas and tisanes, focusing on quality and flavor. They provide a selection of loose-leaf teas, herbal gift sets, and elegant tea sets, enhancing the tea-drinking experience for consumers. Founded in 2015 in Ahmedabad, India, The Kettlery is dedicated to sourcing and offering premium teas. The company has received INR 6 million in venture funding from individual investors as of June 15, 2018.


The founders, Praneta Mehta and Sandeep Kotecha, focus on delivering high-quality tea experiences to consumers. The company operates primarily online, reaching customers in various regions with a significant market in the United States. The Kettlery offers a diverse selection of premium teas and tisanes sourced from various regions worldwide. Their core offerings include loose-leaf teas, herbal gift sets, and specialized tea sets like the Earl Grey Tea Set and Milano Glass Tea Cup with Infuser.


The products cater to individual consumers who seek high-quality tea options for personal enjoyment and gifts, emphasizing quality ingredients and elegant packaging. In the most recent year of 2023, The Kettlery reported revenue of INR 23,042. 1 mn and an EBITDA of INR -3,919. 9 mn.


Their revenue primarily derives from direct-to-consumer sales through their online platform, with a pricing strategy reflecting the premium nature of their offerings, encouraging repeat business from customers who appreciate high-quality tea. The Kettlery plans to expand its product line with new offerings designed for health-conscious consumers, targeting a launch date by mid-2024. The company aims to extend its market reach into Europe and Asia by late 2025. The recent funding of INR 6 million will help support these initiatives and facilitate further product development and marketing efforts.


Primary Industry

Consumer Products

Sub Industries

Non-Alcoholic Beverages

Website

www.thekettlery.com

Verticals

E-commerce

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

The Kettlery - timeline of key events

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The Kettlery - financials

Fiscal Year EndedMar 31, 2015Mar 31, 2016Mar 31, 2017Mar 31, 2018Mar 31, 2019Mar 31, 2020Mar 31, 2021Mar 31, 2022Mar 31, 2023Mar 31, 2024
Revenue (USD)209,2214,046,7669,247,76710,410,52211,101,38810,002,3862,139,232---
% Revenue Growth (YoY)-1834.2%128.5%12.6%6.6%(9.9%)(78.6%)---
EBITDA (USD)39,387(3,919,343)1,672,6601,444,335995,445930,249(1,642,186)---
Operating Income (USD)39,387(5,177,332)725,803635,416316,261138,698(2,642,670)---
Operating Margin18.8%(127.9%)7.8%6.1%2.8%1.4%(123.5%)---
% EBITDA Margin18.8%(96.9%)18.1%13.9%9.0%9.3%(76.8%)---
NET Income (USD)6,794(5,580,572)156,755154,525195,86882,245(3,067,458)---
% Net Margin3.2%(137.9%)1.7%1.5%1.8%0.8%(143.4%)---

The Kettlery - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Unspecified RoundCompletedThe Kettlery-
SeedCompletedThe Kettlery-

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The Kettlery - employee data

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