Premium Tea Superstar HeyTea Brews Up Frothy Valuation

‘Celebrity’ tea shop operator was worth $9.3 billion after latest funding that raised $500 million Key points: HeyTea’s latest $500 million fundraising and $9.3 billion valuation represent a significant premium to recently listed smaller rival Nayuki Premium tea represents recent trend of ‘celebrity’ shops where people go as much to be seen and take photos as to drink flavored teas By Doug Young The apex of summer is a good time for a closer look at premium iced teas, which are in the headlines with the latest major fundraising by…

Read MORE »