Chai Point has raised USD 20 million in its third strategic funding round, led by private equity firm Paragon Partners. All the existing investors, Eight Roads (Fidelity's India PE arm), Saama Capital and DSG, participated in this round, with some of them investing super pro rata, a company release said today. Amuleek Singh Bijral, co-founder and chief executive officer, Chai Point said a substantial portion of the investment proceeds will go towards deepening the company's sales, marketing, and service operations for its automated hot beverage dispensing business, boxC.in.