TABP Snacks and Beverages raises $3 Mn led by LC Nueva

TABP Snacks and Beverages has raised $3 million (Rs 26 crore) in a funding round led by LC Nueva, with participation from Entrust Family Office, Arun Mukherjee, and Soumya Malani. 

The proceeds will be used to expand distribution across south and east India, add new beverage formats, and scale manufacturing capacity.

Founded in 2018 by Prabhu Gandhikumar and Brindha Vijayakumar, TABP manufactures packaged value beverages for mass-market consumers. The company converts popular local street drinks into affordable packaged products targeted at lower and middle-income households.

TABP claims to have recorded Rs 212 crore in revenue in FY24–25, up from Rs 4 crore in FY19, and plans to reach Rs 800 crore in revenue over the next three years. 

The firm produces packaged alternatives to regionally consumed street beverages, aiming to formalise unbranded consumption with consistent pricing and distribution.

TABP competes with Paper Boat, Rasna, Dabur’s beverage portfolio, Coca-Cola’s value SKUs, PepsiCo’s value SKUs, and multiple regional beverage players that operate in the low-price mass segment.