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Shark Tank India Season 2, is back with more fascinating startups. These startups address societal problems, health issues, and social causes. Now Teafit founder Jyoti is making the world a better place with her startup.
Everyone likes to be fit but consuming junk food doesn’t let it happen. Now millennials want to be healthy and look well.
According to the latest study, the amount of sugar to be consumed in a year is been consumed in one month. The primary reason is the consumption of junk items.
Teafit founder enters into Shark Tank India Season 2 with your primary cost to solve. Jyoti Bharadwaj the founder of Teafit is seeking 50 lakhs for 3 % of the company.
About Teafit startup
Teafit startup is a healthy green tea brand which is presenting varieties of green tea. This green tea is a mixture of 15 herbs which is totally healthy.
Even the formulation of this green tea is been patented. So no other company has the right to copy the brand. Teafit founder Jyoti Bharadwaj has created Revolutionary green tea products which have
- No sugar
- No sweetness
- No preservatives
- This Teafit tea is brewed with green tea, black tea, and toasted barley.
- Its products consist of ingredients like Nigella, Kokum Eternal Root, Turmeric, Cinnamon, Moringa, Amla, Tulsi, Noni Fruit, Alfalfa & others
Teafit startup is started by Jyoti Bharadwaj and the initial investment of 10 lakhs was made by her mother-in-law.
Now, this startup is present in 200 retail shops and also reached more than 20000 customers.
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About Teafit founder Jyoti Bharadwaj
Joyti Bharadwaj is from Patna and presently leaving in Mumbai. She is a very brave and confident woman who started this startup single-handedly.
Jyothi’s husband was working at Google, in Tokyo. On a vacation with her husband to Japan, got the idea of the Teafit startup. Joyti Bharadwaj got inspiration from the healthy welding of the Japanese.
Even she also admires the way of living in the country. Almost everyone is healthy because of the type of food they consume.
So, Jyoti Bharadwaj did a lot of research about healthy well-being. And finally, come up with the startup Teafit.
Even in Shark Tank Indis Season 2, Jyoti Bharadwaj comes up with a unique pitch. The start of the pitch was taken by her sons. Where they have explained about the healthy drink.
Jyoti Bharadwaj takes the whole responsibility of the kids as are spend will be busy with international work.
So, Jyoti takes the two kids with her to every event. As she is taken her kids to investment rounds, meetings, conferences, and others.
So she did not want her kids to miss out on the Shark tank India Show.Teafit founder Jyoti Bharadwaj got a lot of compliments from the judges for her confidence and entrepreneurial mindset.
Now she is seeking a 50 lakhs investment in Shark Tank to her startup Teafit for 3% of the company. At a valuation of 16.67 crores.
Also Read: Best startups of Shark Tank India season 1
Teafit Revenue
Teafit beverage brand takes off in 2021 with the vision of serving people healthy green tea. Since it starts, its revenue numbers are growing significantly.
In 2021-2022 the Teafit startup made a revenue of over 15.5 lakhs. In the monthly breakdown the revenue of Teafit
- July 2022 2.5 lakhs
- August 2022 2.1 lakhs
- September 3.5 lakhs
Even in the financial year 2021-2022, the overall profit was 78,000. So this startup is profitable and does not have negative cash flow.
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Teafit Fundings
Finally, shark Tank judges Aman Gupta, Vineeta Singh, Anupam Mittal, and Peyush Bansal made investments in the company. The startup raised 50 lakhs for 8% of the company.
Why Did Teafit founder got funding in Shark Tank India
Getting investment from Shark Tank India is a very tough challenge. As Entrepreneurs have to impress the judges with their entrepreneurial mindset.
However, Teafit startup it’s very nascent in the field, even lot of other green tea brands are in the market. Also, the startup did not have a cross of revenue. But Why did Shark Tank Judges invest in Teafit Startup?
Shark tank judges are pleasant by Jyoti Bharadwaj’s braveness and confidence. She is very confident about her product and has in-depth knowledge about the market.
Even Anupam Mittal told that ” The price of one bottle is 120 rupees is too high. So you cannot scale your brand”.Then Jyoti Bharadwaj confidently replied, ” No, It can be scaled”.
This positive attitude of the Teafit founder made Shark Tank judges invest in the company. All the time judges are not only investing in that startup that makes crores of business in India here.
Sometimes judges take a bet on entrepreneurs even though businesses as not making great revenues.
Teafit products and their price
There are wide ranges of green tea under the brand of Teafit. So here is where the list of products and their prices
- Cardamom Tea Premix- price 299.
- Green Tea Premix- price 299.
- Instant Tea premix Trial pact- price 299.
- India spiced Tea premix-price 299.
- Lemon Grass Tea- price 299.
- Lemon Black Assam Tea- price 360.
- Tangy Toasty Barley Tea – price 360.
- Peach Ginger Green Tea- price 360.
As of now Jan 2023, there is a total of 9 products under their brand.
Even the Teafit Product description is so precise about the ingredients.
Here is the Teafit product description on “Flipkart “
Real Brewed Single Origin Munnar Green Tea in Peach Ginger Flavour (Japanese Sencha – ??) ZERO Sugar & ZERO Calories Blended with 15 super herbs – Nigella, Kokum Eternal Root, Turmeric, Cinnamon, Moringa, Amla, Tulsi, Noni Fruit, Alfalfa & others Tastes like the juiciest peach you’ve had, followed by a faint kick of ginger, rounded off by the aroma of cinnamon and licorice.
It helps in boosting immunity & metabolism, helps in better digestion & helps with weight loss. Stimulates cognitive activity and keeps you active throughout the day.
Real Freshly Brewed, Not made with extracts or concentrates or off-the-shelf herbs. From sourcing to brewing to bottling, TeaFit is made with responsibility & intention. We are obsessed with ingredients derived from nature, not from chemistry textbooks”
Top Google question on Teafit founder in Shark Tank India Season 2
1) Who is the founder of the Teafit startup?
Teafit founder is Jyoti Bharadwaj, a woman entrepreneur. She started this startup in 2021 in Mumbai.
2) What is Teafit?
Teafit is Mumbai based startup which is selling varieties of green tea which is free from sugar, artificial sweeteners, and preservatives. It is totally healthy to drink. Teafit products are available in more than 200 retail stores and online platforms as well.
3)Who took part in Teafit Funding in Shark Tank India?
Aman Gupta, Vineeta Singh, Anupam Mittal, and Peyjus Bansal made an investment of 50 lakhs for 8% of the company.
4)How is the Revenue of Teafit?
Teafit made 15.5 lakhs of revenue in FY21-2022. Even the startup made a profit of 78,000.
5)What is Skimming Technology?
These technologies come under that product whose price range is very premium. Even Teafit products come under this technology. Teafit products start their price from Rs 300.