Texas billionaire backs Indian startup over mutual taste for tea
Storied 67-year-old investor Bass provides 32-year-old Dugar with strategic advice in the latter's bid to disrupt India's US$4.8b premium tea market
Add BT as a preferred source
Singapore
THE unusual partnership between a Texas billionaire and an Indian entrepreneur began with a mutual appreciation for tea.
Robert M Bass, the storied 67-year-old investor, disliked the bitterness of coffee but had a hard time finding a good cup of tea. Kaushal Dugar, a 32-year-old who grew up in the tea country of north-eastern India, was trying to bring modern practices such as online sales to centuries-old plantations.
TRENDING NOW
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
AGT raises Nam Cheong stake; Silchester increases holdings of ComfortDelGro
Johor property old hand KSL readies family handover amid market boom
