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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

Published Sun, Dec 13, 2015 · 09:50 PM
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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.

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