Teamonk Global, a Bengaluru-based specialty tea brand, announced it has raised funding from Mumbai-based Lead Angels Network, according to a VCCircle report. Financial details of the funding remain undisclosed.
Nalin Sood, CEO at Teamonk Global, said there is heightened consumer focus on health and wellness, and the firm with its wide portfolio of 100% natural, healthy and delicious teas, is well poised to leverage this trend.
“Teamonk is poised to emerge stronger after the current situation settles down,” he said.
Meanwhile, Sushanto Mitra, founder at Lead Angels, said the brand proposition of 100% pure and natural specialty teas focused on “Wellness” is especially relevant in a post COVID world.
Earlier, the company had raised $1 million in pre-series A round in 2019 which was led by prominent angel investor Rajat Gupta and Roots Ventures.
Teamonk was launched in 2016 by former Unilever executives Ashok Mittal and Amit Dutta. It offers a range of natural fruit and flower based green teas like mango, hibiscus, chamomile apart from pure herb-based green teas and Japanese matcha Green tea.
The startup also sells herbal infusions like chamomile, turmeric ginger, peppermint, tulsi- ginger, etc. The brand is already available in the US, Canada and European markets, with plans to increase its global presence.
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