Teamonk Global, the home grown specialty tea brand, has raised $1 million in pre-series A funding round. This round has been led by former McKinsey Chief Rajat Gupta and Roots Ventures.
The fresh capital will be used by the company for scaling up its portfolio of premium teas and for reaching new geographies.
Japan Vyas, Founder, Roots Ventures, said, “We are pleased to invest in Teamonk, since it is an emerging leader in the curated specialty teas space. We see India is an ‘under beverage’ country – with not many beverage brands and choices. However, with promoters like Ashok and Amit and their years of experience across conglomerates in India and overseas, an interesting ecosystem has been built at Teamonk. This has opened up numerous possibilities in the beverages play with strong overseas market. We look forward to working with them as they go about building the business and the brand.”
Amit Dutta, Co-Founder & Executive Director, Teamonk Global, added, “Teamonk Global aims to reposition tea as an exciting and refreshing beverage, fulfilling the deeper consumer need of ‘Looking Good and Feeling Good’. We are very excited with the repeat buying frequency from consumers and their feedback on our product quality being absolutely top notch. We look forward to establishing Teamonk as a global Indian brand.”
Teamonk was founded by Ashok Mittal and Amit Dutta in 2016. The company sells premium specialty tea sourced from the Nilgiri hills in Tamil Nadu and Darjeeling in West Bengal.