Consumers are more and more turning to natural and wholesome tea drinks for his or her style and well being advantages, which embrace antioxidants, immunity boosters, pores and skin enhancement, anti-aging advantages, elevated psychological alertness and focus, and way more.
Inflection Point Ventures led a Pre-Series A spherical of funding for Teamonk, a Bengaluru-based premium tea model. The funds raised shall be used to increase domestically and discover uncharted territories in worldwide markets, in line with the corporate.
In April 2017, Ashok Mittal and Amit Dutta based Teamonk, a wellness direct-to-consumer model. It is at present distributing its product within the United States, the United Kingdom, the United Arab Emirates, Canada, Germany, Australia, and India. During Covid, the model debuted a variety of inexperienced teas with Ayurvedic components.
“Pandemic has further heightened the need for wellness and immunity across socio-economic groups globally,” mentioned Ashok Mittal, Managing Director of Teamonk. We’re thrilled to have the ability to meet this demand with our line of 100% pure, delicious-tasting teas.”
“While tea has long been a universal and most preferred everyday antioxidant drink,” mentioned Vinay Bansal, Founder & CEO of Inflection Point Ventures, “the last few years have seen a tectonic shift in consumer consumption behaviour globally.”
“Consumers are more and more turning to natural and wholesome tea drinks for his or her style and well being advantages, which embrace antioxidants, immunity boosters, pores and skin enhancement, anti-aging advantages, elevated psychological alertness and focus, and way more.”
“Consumers, too, are willing to spend for an authentic cup of tea,” Bansal added. “Teamonk has over 64 specialty tea variants and has created precisely what the market requires because of their wonderful product curation and innovation abilities. The model is poised to turn into a market chief within the specialty tea phase, and IPV continues to again them up of their efforts to offer the most effective to tea drinkers not solely in India however world wide.”
It provides high-end specialty teas sourced from the most effective tea plantations in Darjeeling, Nilgiris, Arunachal Pradesh, and Assam. Tea connoisseurs at Teamonk Global curated the tea choice, which incorporates beautiful high quality Black, Green, Oolong, and White teas. The majority of those teas are exported world wide and are hardly ever present in India.
First revealed on: 28 Apr 2022, 08:39 IST
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