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

Teamonk Global plans to raise $5 mn in order to expand its business in overseas markets and tap the growing demand for green and black teas amid the COVID-19 pandemic

Claims to have sold more than 60 variants of premium tea ranging from black teas, white teas, green teas and oolong teas.

"The company expects its revenue to grow by 55 percent this fiscal to Rs 10.5 crore and over Rs 30 crore in 2021-22 despite the disruption caused by the pandemic,"said Ashok Mittal, founder & MD.

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