Premium tea brand Teamonk raises Rs.3.5 crore in Pre-Series A round led by Inflection Point Ventures
Teamonk, a Bengaluru-based premium tea brand has raised rs 3.5 crore in a Pre-Series A round led by Inflection Point Ventures. The funds raised will be utilised for domestic penetration and exploring uncharted territories in international markets, the company said.
Teamonk is a wellness D2C brand founded by Ashok Mittal and Amit Dutta in April 2017. It is currently distributing its product in countries like the US, UK, UAE, Canada, Germany, Australia and India. The brand has launched a wide range of green teas with Ayurvedic ingredients during Covid.
Ashok Mittal, Managing Director, Teamonk, said, “Covid has further heightened the need for wellness and immunity across socio-economic groups globally. We are delighted to fulfill this need through our range of 100 per cent pure and natural, delicious tasting teas.”