Tea Trunk, an online tea store, has raised $220k in angel funding led by a group of angel investors and the Rebalance community. The company was founded by Snigdha Manchanda in 2013.
Other investors include Anand Sinha, Global Head at Zomato Gold; Anshul Agarwal, Co-head, Consumer, FIG, and Business Services at Avendus Capital; Mandar Vaidya, CEO at OYO for South-East Asia and the Middle-East; Puneet Chandra, CEO at Skootr; Rohit Shankar, Co-founder at DimDim (acquired by Salesforce), Sorabh Agarwal, ex-MD — Copal Amba (acquired by Moody’s Analytics) and Vaibhav Suri, Co-head product and strategy at Delhivery.
The company will utilize these funds in business expansion and team growth.
In a media statement, Snigdha Manchanda, Founder at Tea Trunk, said, “We plan to use the funds to expand our product line of health-focused teas, launch more innovative products, and to strengthen our positioning in the wellness space – as a functional beverage for daily consumption.”
Tea Trunk is the home of finest teas from India: whole-leaf, flavorful and with all the health benefits intact. Whether it’s tea tastings, tea appreciation workshops or tea products – each initiative is oriented towards promoting and celebrating teas of India.
