{"id":12518,"date":"2022-04-27T09:53:00","date_gmt":"2022-04-27T09:53:00","guid":{"rendered":"https:\/\/ipventures.in\/?p=12518"},"modified":"2022-06-16T04:02:22","modified_gmt":"2022-06-16T04:02:22","slug":"ipv-funding-alert-teamonk-led-by-inflection-point-raises-3-5-crore-in-pre-series-a-round","status":"publish","type":"post","link":"https:\/\/ipventures.in\/index.php\/ipv-funding-alert-teamonk-led-by-inflection-point-raises-3-5-crore-in-pre-series-a-round\/","title":{"rendered":"Teamonk, Led by Inflection Point Raises 3.5 Crore in Pre-Series A Round"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color\"><time datetime=\"2022-04-27T09:53:00+05:30\">April 27, 2022<\/time><\/div>\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"ticss-2b0f8d15 has-black-color has-text-color has-normal-font-size\">India-based brand Teamonk managed to raise 3.5 crores in pre-series A round that was led by an early stage angel investing platform &#8211; Inflection Point Ventures (IPV). This fundraise carries a lot of value for the brand as it will help the company expand its reach in the domestic and international markets.<\/p>\n\n\n\n<figure class=\"wp-block-pullquote is-style-default\"><blockquote><p><strong><b><span style=\"color:#ff781f\" class=\"has-inline-color\">Teamonk, a direct-to-consumer packaged tea brand, was launched in April 2017.<\/span><\/b><\/strong><\/p><\/blockquote><\/figure>\n\n\n\n<p class=\"has-black-color has-text-color has-normal-font-size\">Spearheaded by Ashok Mittal and Amit Dutta, Teamonk is direct to a consumer package tea brand launched in April 2017. The company provides a range of black and green teas and the<br>varieties include turmeric moringa green tea, Assam masala tea, and several other herbal-infused tea varieties.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-normal-font-size\">Currently, the company exports its products to several countries like the USA, UK, UAE, Canada, and Germany apart from distributing it domestically. The company has tied up with the owners of tea plantations. Through simplified sourcing, vertical integration, and a controlled supply chain, Teamonk makes the best quality tea varieties available on demand.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-normal-font-size\">As the world reeled under the pandemic effect, the importance of wellness came to the forefront. Many people adopted healthier ways of life, and healthy tea varieties have seen an upsurge due to this developing lifestyle trend. \u201cWhile tea has been a universal and most preferred everyday antioxidant drink, the last few years have witnessed a tectonic shift in the consumer consumption behaviour globally,&#8221; said Vinay Bansal, founder and CEO of <span style=\"text-decoration: underline;\"><strong><span style=\"color:#0074b9\" class=\"has-inline-color\"><a href=\"https:\/\/ipventures.in\/\">Inflection Point Ventures<\/a><\/span><\/strong><\/span>.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-normal-font-size\"><span class=\"has-inline-color has-black-color\">The last two years have seen many tea consumers moving to healthier options for immunity boosting, enhancement of skin, anti-ageing, and mental alertness properties of green and herbal teas. Bansal adds, \u201cConsumers too are also willing to spend for an authentic cup of tea. Teamonk with its excellent product curation and innovation abilities has over 64 specialty tea variants and has created exactly what is needed in the market. The brand is all set to emerge as a leader in the specialty tea segment and IPV continues to support them in their endeavor to provide the best to tea consumers not only in India but also in the global market.\u201d<\/span><\/p>\n\n\n<p>[vc_row css=&#8221;.vc_custom_1641624024164{padding-top: 20px !important;}&#8221;][vc_column][vc_cta h2=&#8221;Looking to Invest in Similar Kind of Startups?&#8221; h4=&#8221;Join our 4-Week Membership Trial&#8221; add_button=&#8221;bottom&#8221; btn_title=&#8221;Join Us&#8221; btn_color=&#8221;sky&#8221; btn_align=&#8221;center&#8221; btn_link=&#8221;url:https%3A%2F%2Fipventures.in%2Fcontact%2F%23investor-contact|target:_blank&#8221;][\/vc_cta][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n<p class=\"ticss-e9cb79b2 has-black-color has-text-color has-normal-font-size\">The tea market remains a flourishing playfield for businesses as India is one of the biggest tea consumers. <em><strong><span style=\"color:#0074b9\" class=\"has-inline-color\">The global speciality tea market size is estimated to be $5.8 billion, and India\u2019s share is approximately $500 million. It continues to grow at a CAGR of 30%.<\/span><\/strong><\/em> Even though the speciality tea market is only at 3% currently, it is expected to grow consistently in the years to come.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-black-background-color has-black-color is-style-wide\"\/>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\">IPV  Funding News Covered On<\/h3>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.livemint.com\/companies\/start-ups\/teamonk-raises-rs-3-5-crore-in-pre-series-a-round-led-by-inflection-point-11651039403159.html\" target=\"_blank\" 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2023<\/time><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>India-based brand Teamonk managed to raise 3.5 crores in pre-series A round that was led [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":13040,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48],"tags":[],"class_list":["post-12518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Teamonk, Led by Inflection Point Raises 3.5 Crore in Pre-Series A Round<\/title>\n<meta name=\"description\" content=\"Teamonk, an Indian-based brand that specializes packaged tea managed to raise 3.5 crores in pre-series A round led by Inflection Point Ventures (IPV).\" \/>\n<meta name=\"robots\" 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