Teamonk plans to raise $5 million; aims 3-fold jump in revenue in FY22

Teamonk Global plans to raise $5 million to expand its business in overseas markets and tap growing demand of green and black teas amid the COVID-19 pandemic, a top company official said.

The Bengaluru-based startup, which markets specialty teas, expects its revenue to grow by 55% this fiscal to Rs 10.5 crore and over Rs 30 crore in 2021-22 despite the disruption caused by the pandemic, its founder and MD Ashok Mittal said.