Carabao Dang Energy Drink (kharabao daeng; “red water buffalo”) is a Thai energy drink launched in 2002 by Carabao Tawandang Co Ltd.

In June 2015, Carabao Dang became the main sponsor of English Football League Championship side Reading F.C., renewing their contract as Reading’s primary sponsor from June 2016 to the summer of 2019. Additionally, Carabao became the primary training kit sponsor of Premier League club Chelsea F.C. in the summer of 2016.

In November 2016, Carabao Dang announced a three-year deal with the English Football League to become the official title sponsor of the EFL Cup, becoming known as the Carabao Cup from 2017 to 2018 to the 2019–2020 season. In 2021, the EFL announced a further two-year extension of the title sponsorship to 2024